The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
Employees at The Estée Lauder Companies offices around the world remain locked out of their email and other key functions after a third party gained access to some of the beauty conglomerate’s IT systems, according to people familiar with the situation.
The company said in a statement Tuesday that it “believes the unauthorised party obtained some data from its systems, and the company is working to understand the nature and scope of that data.”
ELC, which owns Tom Ford Beauty, Clinique, La Mer and other cosmetics brands, also said it was working with law enforcement and cybersecurity experts to resolve the issue. Sources close to the company said the breach disrupted operations since at least Monday, and that many affected systems had yet to be restored.
Learn more:
ADVERTISEMENT
Why Estée Lauder Bought Tom Ford
The designer’s makeup and fragrance line brought glamour, sex appeal – and sales – to the cosmetics giant. Keeping the magic in-house was worth nearly $3 billion.
How not to look tired? Make money.
In a rare video this week, the mega-singer responded to sceptics and gave the public a look at what her beauty founder personality might be.
Request your invitation to attend our annual gathering for leaders shaping the global beauty and wellness industry.
Excitement for its IPO is building, but in order to realise its ambitions, more acquisitions and operational expenses might be required.