Estee Lauder’s long-time CEO Fabrizio Freda to retire

Fabrizio Freda, President and CEO of Estee Lauder.

Getty Images

Estee Lauder said on Monday its long-time CEO Fabrizio Freda had decided to retire from the company at the end of fiscal 2025.

Freda joined Estee in 2008 as president and chief operating officer and was later named the MAC lipstick maker’s CEO.

Estee said the board was considering internal and external candidates as part of its CEO succession planning.

Until a successor is appointed, Freda will continue to lead and oversee the company’s strategic, financial and investment priorities, Estee said.

Estee has trimmed its global workforce and is trying to shore up its margins as part of a turnaround plan.

The company’s results are due later on Monday.

Source

World

U.S. and India unveil framework of interim trade deal, move closer to broad pact

February 7, 2026

WASHINGTON, DC – FEBRUARY 13: U.S. President Donald Trump and Indian Prime Minister Narendra Modi meet in the Oval Office at the White House on February 13, 2025 in Washington, DC. Andrew Harnik | Getty Images News The United States and India moved closer to a trade pact on Friday, releasing an interim framework that […]

World

Stellantis-backed ACC drops plans for Italian, German gigafactories, union says

February 7, 2026

The logo of Stellantis is seen next to the logos of other car brands during the Automotive Industry Day summit in Paris, France, November 4, 2025. Sarah Meyssonnier | Reuters The Stellantis-backed Automotive Cells Company (ACC) told unions it had dropped plans to build gigafactories in both Italy and Germany, the Italian metalworkers’ union UILM […]

World

A ‘quiet revolution’: How young people are swapping social media with lunch dates, vinyl records and brick phones

February 7, 2026

A young woman wearing headphones browses vintage vinyl records in a store. Mihailomilovanovic | E+ | Getty Images Account manager Matt Richards, 23, deleted all his social media apps from his phone last year, and was surprised to find that his life changed for the better. Richards had been using a smartphone since he was […]