THE WHAT? The Estee Lauder Companies is said to be winding down its Aramis & Designer Fragrances unit, according to a report published by WWD.
THE DETAILS WWD reports that, with DKNY signed with Inter Parfums and Michael Kors’ defecting to EuroItalia, the death knell has been sounded for the division; its remaining licences, namely Ermenegildo Zegna, Tommy Hilfiger and Aramis will not be up for renewal, with the last set to come to a close in June, 2023.
THE WHY? Lauder told WWD in a statement, “After careful and thorough consideration, ELC and the four fashion houses have mutually decided to not renew the licensing agreements.” Adding that it is “committed to ensuring that it is focused on investing its resources into the most strategic long-term growth opportunities and value creation globally.”
Aesthetic medicine products are developed and regulated to meet stringent safety and efficacy standards. They are typically administered by trained healthcare professionals such as dermatologists, plastic surgeons, and specialized nurses in clinical settings. These products aim to provide effective solutions for cosmetic enhancement, skin rejuvenation, and overall aesthetic improvement, contributing to both physical appearance and self-confidence.
Key categories of aesthetic medicine products include:
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Injectables: This category includes products such as dermal fillers, botulinum toxins (e.g., Botox), and collagen stimulators. These injectables are used to smooth wrinkles, add volume, and improve facial contours.
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Skin Rejuvenation Treatments: Products like chemical peels, microdermabrasion systems, and laser devices are used to improve skin texture, reduce pigmentation irregularities, and enhance overall skin tone.
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Skincare Products: These include medical-grade cleansers, moisturizers, serums, and topical treatments containing active ingredients like retinoids, antioxidants, and growth factors. They are formulated to address specific skin concerns such as acne, aging, and hyperpigmentation.
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Hair Restoration Products: Medical treatments and products designed to promote hair growth and treat conditions such as male and female pattern baldness.
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Body Contouring and Fat Reduction: Devices and products used for non-surgical body sculpting, such as cryolipolysis (cool sculpting) devices and injectable lipolytics.
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Cosmeceuticals: High-performance skincare products that bridge the gap between cosmetics and pharmaceuticals, often containing potent ingredients with proven clinical benefits.
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Wound Care and Scar Management: Products like silicone sheets, gels, and advanced wound dressings used to improve healing and reduce the appearance of scars.
