Bringing you live news and features since 2013
Bringing you news, views and analysis since 2013
Ken Stuzin, Brown Advisory

10607

Slowing growth in China, but one company bucks the trend

RELATED TOPICS​

Amidst concern about slowing growth in China and other emerging markets, Ken Stuzin (pictured), fund manager of the Brown Advisory US Equity Growth Fund says at least one company is bucking the trend…

We believe Estée Lauder is positioned at the sweet spot of several secular growth trends. Skin care and cosmetics are among the strongest growth categories in emerging markets, particularly China and Brazil. Prestige beauty, an affordable luxury, is taking share from mass brands, and Estee Lauder’s marketing strategy is driving this trend. Female employment growth and aging populations are providing additional boosts in developed markets.
 
The iconic manufacturer of beauty products whose brands include Estée Lauder, M-A-C Cosmetics, Bobbi Brown, Jo Malone, Clinique and Aveda to name but a few, continues to see organic sales growth across all major regions.
 
After a rocky earnings season for luxury consumer names, Estée Lauder’s latest report (14-Aug-2012) confirmed our investment thesis; the company reported rock solid top line growth and expressed confidence that its strategy and investment in its brands will continue to drive market share gains. We like this business in part because we believe it can deliver solid growth through soft consumer environments, and that was demonstrated this quarter.
 

Latest News

GAM Investments and Sun Hung Kai & Co, a Hong Kong-based alternative investment firm, are..
PwC’s Global Entertainment & Media Outlook 2024-28, covering 13 sectors across 53 countries and territories,..
London-based Nickel Digital Asset Management (Nickel) writes that it has delivered a record first half..

Related Articles

Green energy
2024 has been the strongest ever year for green bond sales, with deals topping USD356 billion in the first six months, according to research from Bloomberg...
2024 has been the strongest ever year for green bond sales, with deals topping USD356 billion in the first six..
infrastructure headline
The new Labour government has launched a GBP7.3 billion National Wealth Fund which will target private capital to support the UK’s growth ambitions...
The new Labour government has launched a GBP7.3 billion National Wealth Fund which will target private capital to support the..
Tom McPhail, lang cat
Today’s news of a landslide victory from the UK’s Labour party, finds that the markets had mostly factored in a widely predicted Labour win...
Today’s news of a landslide victory from the UK’s Labour party, finds that the markets had mostly factored in a..
Pensions might not feature at the top of the political parties’ manifesto promises this election, but their role in driving the UK’s growth ambitions is increasingly on investors’ agendas...
Pensions might not feature at the top of the political parties’ manifesto promises this election, but their role in driving..
Subscribe to the Institutional Asset Manager newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by