Brands
Revanth Reddy launches ISRL Round 2 as Hyderabad readies for Supercross
HYDERABAD: Telangana’s chief minister Revanth Reddy has thrown his weight behind the Indian Supercross Racing League (ISRL) as the state prepares to host its first global motorsport spectacle. The chief minister unveiled the poster for round 2 at the GMC Balayogi Athletics Stadium in Gachibowli, signalling the government’s support for what it calls a flagship event in line with its Telangana Rising 2047 vision.
The world’s first franchise-based Supercross league will land in Hyderabad on 6 December, bringing international riders, high-octane racing infrastructure and a swelling fan base to the city. Actor Salman Khan will attend the event, a move organisers believe will turbocharge its visibility.
ISRL co-founder Eeshan Lokhande, said the chief minister’s endorsement underscored the state’s appetite for global sport. He added that Supercross demands courage, skill and passion and has the potential to inspire young riders across Telangana.
The Hyderabad round is expected to draw thousands of spectators and motorsport devotees. Festivities begin on 5 December with the Reise Moto Fan Park, which won over crowds in Pune with live music, simulators, F&B zones, merchandise and interactive brand spaces.
Organisers say the league’s arrival will boost tourism, energise sporting culture and help strengthen the state’s pipeline of young talent. After Hyderabad, the grand finale of Season 2 will be held on 21 December at the EMS Corporation Stadium in Calicut.
Tickets are available on BookMyShow, spanning general and VIP categories. For international audiences, the Hyderabad round will be broadcast on Eurosport across South Asia, on Rev TV in Canada and streamed globally on FanCode and ISRL’s YouTube channel.
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.
