Fashion
Estée Lauder reports better-than-expected sales and China rebound
By
Reuters
Published
October 30, 2025
The American cosmetics group Estée Lauder beat Wall Street expectations for first-quarter sales on Thursday, signaling early success in CEO Stéphane de La Faverie’s turnaround strategy. The company also reported a rebound in its key Chinese market, sending its shares up nearly 6% in premarket trading.
From July to September, revenue rose 3.6% year over year to $3.48 billion, above analysts’ forecasts of $3.38 billion, according to data compiled by FactSet. Net profit came in at $47 million, compared with the $52 million expected. Adjusted earnings per share stood at 13 cents, slightly below the 15 cents analysts had anticipated.
The owner of Clinique, M.A.C., La Mer, Le Labo and Tom Ford said sales in China rose 8.5% compared with the same quarter last year, helped by strong performance from its luxury skincare and fragrance labels. In a statement, the company said growth in mainland China was driven by “innovation and our existing products,” as well as “targeted customer expansion.”
Estée Lauder, which had warned in August of a potential $100 million tariff impact, has been optimizing its production footprint to bring manufacturing closer to consumers while cutting inventory and promotional activity to offset rising costs affecting the global retail industry.
The company also reiterated the details of a restructuring plan announced in February, with an expected cost of $1.2 billion to $1.6 billion before taxes and the reduction of 5,800 to 7,000 positions by the end of 2026.
“We started fiscal 2026 well, gaining market share in several key strategic areas and improving profitability,” de La Faverie said in the statement. “These results strengthen our confidence in our financial outlook for the 2026 fiscal year.”
For fiscal 2026, Estée Lauder continues to forecast a 2% to 5% increase in net profit per share. The company also warned that new trade tariffs could reduce future earnings by nearly $100 million, but said it is closely monitoring trade policy changes and implementing measures to mitigate potential impacts.
FashionNetwork.com with AFP and Reuters
© Thomson Reuters 2025 All rights reserved.
Fashion
India may impose up to $2/kg anti-dumping duty on spandex yarn
The investigation, initiated in March ****, covered the period from October **** to September **** and was based on a petition filed by Indorama India Private Limited. The authority found that dumped imports from the subject countries had caused material injury to the domestic industry, as per notification issued in this regard by the DGTR.
The product under consideration includes elastomeric filament yarn of all deniers, commonly known as spandex or elastane, widely used in stretch garments such as hosiery, activewear and innerwear. However, certain categories have been excluded, including coloured yarn (except black), elastomeric yarn on beam, LYCRA branded products, and yarn used in diapers.
Fashion
10-yr strategy launched for Australian fashion & textile manufacturing

The ten-year strategy is the result of almost a year of industry consultation led by the AFC and R.M.Williams, including 14 national consultations with manufacturers, brands, educators and policymakers across the country. More than 300 stakeholders contributed to the process, generating over 1,000 proposed initiatives and nearly 900 votes on strategic priorities to shape the sector’s long-term manufacturing future.
The Australian Fashion Council and R.M.Williams have launched the National Manufacturing Strategy for Australian Fashion and Textiles 2026–2036, a ten-year roadmap to rebuild Australia’s textile, clothing and footwear manufacturing.
Developed through national industry consultations, it aims to strengthen domestic capability, advanced manufacturing and fibre value chains.
The strategy comes at a critical time for the industry. With 97 per cent of Australia’s clothing and textile products manufactured offshore, the sector remains vulnerable to ongoing global supply disruptions and trade volatility. Rather than compete against high-volume offshore manufacturing markets, the strategy is focussed on closing structural gaps and accelerating advanced manufacturing to scale the sector’s comparative advantage, aiming to position Australia to compete globally in premium, technology-enabled and traceable production, built on the country’s natural fibre strengths, AFC said in a press release.
Independent modelling by RMIT University and RPS projects that full implementation of the Strategy’s co-ordinated policy platform will grow TCF manufacturing value added from $2.6 billion to $2.9 billion by 2030/31, delivering a cumulative $1.4 billion economic dividend over five years. The Strategy is also projected to create more than 1,000 new skilled jobs and $864 million in additional wages, with approximately half of those jobs are projected to be filled by women.
“This Strategy sets out a clear roadmap for rebuilding a globally competitive Australian fashion and textile manufacturing sector. Australia already has exceptional design talent, advanced manufacturing capability and globally recognised brands. With the right coordination across industry, skills and procurement policy, we have a real opportunity to strengthen sovereign capability, create skilled jobs and position Australia as a leader in premium manufacturing,” said Marianne Perkovic, executive chair, Australian Fashion Council.
“Australia is the world’s largest exporter of greasy wool and a globally significant cotton producer. Yet we export raw fibre and import finished goods at multiples of the original value. Re-establishing fibre processing and spinning capability restores the missing link in our value chain,” Samantha Delgos, general manager, Australian Fashion Council said.
“R.M.Williams has manufactured in Adelaide for more than 90 years. We employ skilled craftspeople, invest in apprentices and continue to modernise production while competing globally. What’s needed now is to activate a flywheel: demand enables investment in skills, skills enable advanced manufacturing, and technology allows Australian manufacturers to scale while maintaining quality,” Tara Moses, chief operating officer, R.M.Williams.
The strategy will be led by the Australian Fashion Council and its progress will be evaluated through a two-stage assessment framework.
The first stage, the Implementation Review (to 2029), will assess progress in establishing the key foundations of the strategy, including procurement reform, national capability mapping, skills recognition pilots, shared manufacturing infrastructure, and governance arrangements to co-ordinate delivery. The second stage, the Strategic Outcomes Review (to 2036), will evaluate long-term progress toward the strategy’s goal of building a competitive, technology-enabled, and domestically anchored manufacturing sector supported by a sustainable workforce pipeline and a globally recognised market position.
Fibre2Fashion News Desk (RR)
Fashion
Australian wool prices decline this week as buyer caution ends rally
According to Australian Wool Innovation (AWI) commentary for week 38 (March 2026), the Eastern Market Indicator (EMI) fell by 32 Australian cents/kg, while the Western Market Indicator (WMI) dropped more sharply by 69 cents, signalling comparatively weaker conditions in Fremantle.
Australia’s wool market declined this week, ending a recent rally as weaker buyer sentiment and margin pressures weighed on prices.
The EMI fell 32 cents and WMI dropped 69 cents, led by losses in Merino wools.
Softer demand, higher supply, and a stronger Australian dollar pressured the market, though selective buying for quality lots persisted.
“Losses were led by medium Merino wools, which fell 70–75 cents in the eastern centres and 85–90 cents in the west. Finer Merino types also declined by 45–60 cents across all regions. Crossbred wool prices eased by 25–30 cents. In the carding segment, eastern markets remained steady to 5 cents higher, while Fremantle saw a sharper fall of around 45 cents,” the AWI Limited said in its Commentary.
The uniform decline across Merino fleece categories points to a broader pullback in buyer demand rather than isolated weakness. This follows several weeks of strong gains after the Chinese New Year period, with much of the earlier purchases still moving through processing and manufacturing stages.
Market sentiment this week reflected growing caution among exporters and processors facing tighter margins due to rising input costs. Increased wool offerings further reduced buyer urgency, while a firmer Australian dollar added pressure on export competitiveness, the AWI commentary noted.
Despite the overall softer trend, demand remained relatively firm for well-prepared, lower-risk lots, indicating that buyers are becoming more selective rather than exiting the market entirely.
Industry observers view the current downturn as a phase of consolidation, with the market testing resistance levels after recent gains, rather than signalling a fundamental shift in demand.
Looking ahead, all three auction centres will operate on a Tuesday-Wednesday schedule next week, with 40,909 bales expected to be offered.
Market direction will depend on the trade’s ability to absorb current supply levels and navigate prevailing cost pressures.
Fibre2Fashion News Desk (CG)
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