MAM
India’s SF loss in ICC Cricket World Cup 2019 to impact brand visibility in the final
MUMBAI: The ICC Men's Cricket World Cup 2019 started off with a lot of hopes pinned on the Indian team to lift the trophy for the third time. Not just international fans but many international experts had the ‘men in blue’ as the likely winners. The tournament was, therefore, quite popular amongst the Indian brands who were advertising heavily during the matches. It was predicted that broadcaster Star India will manage to clock in revenues of around Rs 18,000 crore in the World Cup.
However, India’s loss in the semi-final stage has shattered these hopes and has left the advertisers and the broadcaster in a lurch. It is expected that Star will record a significantly lesser amount in ad revenues in the final stage than expected. However, the greater impact will be on the advertisers who had purchased the ad slots in advance at exorbitant rates of Rs 25 lakh.
Havas Media Group India managing director Mohit Joshi tells Indiantelevision.com that he doesn’t see much impact on the revenues of Star as most of the FCT had been sold already and those deals cannot be revoked. “Some very limited opportunistic FCT that could have been leveraged if India reached the final, might not happen now.”
But the visibility of the brands that had purchased these slots in advance, especially only for the finals and semi-finals will be impacted, he notes. “Everybody bought World Cup with this possibility (India reaching the finals) in mind. The brands have been visible across the tournament. However, if there are some brands who bought only SFs and Finals, their visibility will get impacted.”
Commwiser co-founder and CEO Aman Abbas is of the thought that the brands, which will be buying the remaining FCTs will have to keep in mind the limited audience the match will attract and therefore the reserve inventory which could have generated extra revenue is expected to find a few takers.
“The broadcasters had earned a lot from the advertising in the World Cup, particularly from matches played by team India. An unexpected exit of the Indian team from the tournament is very likely to affect the revenue earned from the advertising for Star Sports and Hotstar. The broadcasters might have sold some of the inventory of the finals beforehand while some of it would have been kept in the reserve, expecting India to reach the finals and generating some extra money from last-minute sales,” he says.
However, Samsika Marketing Consultants CMD Jagdeep Kapoor feels that the interest is very much alive in the finals given India’s obsession with the game of cricket.
He notes, “If people can watch the Wimbledon final, they would surely watch the sport they love, cricket. The momentum of the World Cup is intact. The advertisers will get their money’s worth. In fact, Indian fans will choose a team to cheer in the finals.”
India was stopped short of reaching the finals of the World Cup by New Zealand by 18 runs in an interesting match that spanned across two days because of interruption by rain. A number of advertisers like Kamla Pasand, Lloyd, Pepsi, Dairy Milk, MRF Tyres, BYJU’s were some of the top advertisers during the tournament whose final is scheduled on 14 July 2019 between England and New Zealand.
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.
