MAM
AET Displays announces participation in PALM Expo 2024
Mumbai: AET Displays, a renowned industry expert in fine-pitch LED displays, is pleased to announce its participation in the Palm Expo 2024. The event will be held at the Bombay Exhibition Centre (BEC) in Goregaon East, Mumbai, from May 30 to June 1, 2024. AET Displays will take centre stage at booth C41, with an expansive showcase spanning 108 square meters.
At this year’s Palm Expo, AET Displays will showcase its latest Rental Series products and XR Application-based screens. These innovative products are designed to meet the high demands of the events and entertainment industry, providing unparalleled visual experiences. Attendees will have the premium opportunity to experience firsthand the cutting-edge technology and solutions that AET Displays offers.
AET Global vice president Su Piow Ko and Prashant Srivastav, head of international marketing, will be present at the event for all three days to engage with visitors and discuss the latest trends and advancements in LED display technology. Mr. Su Piow Ko will also participate in a panel discussion titled “MicroLED – Future of Display?” alongside other industry veterans. This discussion will take place on May 30th from 12:30 PM to 2:00 PM at the event venue.
Confirming their participation, Mr. Su Piow Ko, Vice President of AET Global, said, “We are excited to be part of Palm Expo 2024 and to showcase our latest innovations in LED display technology. This event provides an excellent platform to connect with industry professionals and demonstrate the capabilities of our products. We look forward to engaging with attendees and sharing insights on how our displays can transform spaces and captivate audiences, reinforcing AET Displays’ commitment to pushing the boundaries of visual excellence.”
PALM Expo attracts over 25,000 professionals annually, offering a platform for the industry’s top brands to display and demonstrate their latest innovations. The event is known for its high level of professional engagement and influential attendees who drive business and professional futures.
Since officially entering the Indian market on October 26, 2023, AET Displays has rapidly expanded its presence nationwide. With over 50 products available, more than 2000 installations across the country, and a network of over 80 partners and distributors, AET is committed to providing comprehensive coverage and support to its customers. The company also operates an assembly plant, three offices, three customer experience centres, and five service centres across India, ensuring extensive support for its loyal patrons.
Brands
Estée Lauder to shed 10,000 jobs as new boss bets on digital shift
The cosmetics giant raises its profit outlook but stays silent on a possible merger with Spain’s Puig, as job cuts deepen and a three-year sales slump weighs on the turnaround
NEW YORK: Stéphane de La Faverie is not done cutting. Estée Lauder announced on Friday that it plans to eliminate as many as 3,000 additional jobs, taking its total redundancy programme to as many as 10,000 roles, up from a previous target of 7,000 announced a year ago. The company, which owns La Mer, The Ordinary, Tom Ford, and Aveda, employs roughly 57,000 people worldwide. The mathematics of what is now being contemplated is stark.
The fresh round of cuts is expected to generate a further $200 million in savings, bringing the total annual savings from the programme to as much as $1.2 billion before taxes. That money, De La Faverie has made clear, will be ploughed back into the turnaround.
A CEO in a hurry
De La Faverie, who took the helm in January 2025, inherited a company that had endured three consecutive years of annual sales declines. His response has been to move fast and cut deep. A significant portion of the latest redundancies reflects his push to reduce headcount at US department stores, long a cornerstone of Estée Lauder’s distribution model but now a channel in structural decline. In their place, he is accelerating the shift toward faster-growing online platforms, including Amazon.com and TikTok Shop, a pivot that is reshaping not just where Estée Lauder sells but how it thinks about its customers.
The numbers are moving in the right direction
Despite the pain, there are signs the medicine is working. Estée Lauder raised its profit outlook for the remainder of the fiscal year, guiding for adjusted earnings per share in the range of $2.35 to $2.45, above analyst estimates and a notable step up from the $2.05 to $2.25 range it had guided for in February. Organic net sales growth is expected to come in at 3 per cent, the company said, at the high end of the range it set out in February.
The share price tells a mixed story. After De La Faverie took charge, the stock surged nearly 60 per cent, buoyed by investor optimism that a longtime company insider could finally arrest the decline. But 2026 has been rougher: the shares have fallen 27 per cent this year, weighed down by disappointing February results and the overhang of unresolved merger talks with Spanish beauty giant Puig Brands SA. The company gave no additional details about those discussions on Friday, leaving the market to guess.
Silence on Puig
The proposed tie-up with Puig remains the most consequential unknown hanging over Estée Lauder. A deal with the Barcelona-based group, which owns brands including Carolina Herrera and Rabanne, would reshape the global luxury beauty landscape. But with nothing new to say and a turnaround still very much in progress, De La Faverie is asking investors to trust the process.
Three years of sales declines, 10,000 job cuts, and a merger that may or may not happen. At Estée Lauder, the overhaul has barely started.
