Brands
Madison starts its CSR journey by adopting Tanya Computer Centre
MUMBAI: Madison World has begun its CSR journey by starting an NGO namedMadison Resource Foundation, that has adoptedTanya Computer Centre.
Tanya Computer Centre was established in 2006 as a Computer Training Centre dedicated exclusively to training visually impaired people (all ages) in the use of Computers. The Centre has so far trained over 250 students almost all of whom have got jobs thanks to the Computer training received at Tanya Computer Centre.
The Computer Centre uses a screen reading software called JAWSthat helps the visually challenged use computers. The Centre teaches Basic Computer Courses like Windows and MS Office. Students are given tactile books, and notes are provided in Braille, audio or large print, as per the requirement of the student. Training is almost individual and personal and the duration of the course is extended till the student is comfortable and confident of using computers.
Tanya Computer Centre is led by Tanya Balsara, daughter of Madison’s Chairman Sam Balsara who is herself visually challenged and she personally trains all students.
Says Tanya Balsara,“I congratulate all the students passing out as well as all the 250 students who have passed out earlier for having the courage and determination to come forward and learn something new and different. I have always believed that disabilities create barriers but determination breaks them. Remember the visually impaired may not have sight, but they don’t lack vision”.
Sam Balsara made theannouncement about Madison World adopting Tanya Computer Centre at the 12th Convocation ceremony of Tanya Computer Centre and said “The Centre is looking to expand its activities in other parts of Mumbai and is looking for like minded socially committed individuals who can personally lead the Centre and train its students.” He said “the Centre would be fully equipped with Furniture and Fittings, Computers, Software and entirely financed by Madison Resource Foundation in terms of both Capital cost and Revenue expenses including salaries”.
On the occasion an inspiring talk was given by the Guest of Honour, Mrs. Shalini Saraswathi, a quadruple amputee who is unbelievably, a marathoner, who flew down from Bangalore for the occasion. In 2012, Shalini went on to lose all 4 of her limbs but her determination and never say die attitude has helped her take life head on and live a purposeful and fulfilling life.
SaysShaliniSaraswathi,I’ve always said the reason for my success and strength has been the strong support system I have had, coupled with the fact that I had avenues to get back on my feet. It’s an honour to be associated with this event, because that is what this is – an empowerment. Congratulations to everyone who are passing out today and wishing everyone more strength and power!”
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.
