MAM
The Good Glamm Group elevates Shivam Pandey as head of supply chain
Mumbai: South Asia’s leading beauty and personal care conglomerate, Good Glamm Group, is pleased to announce the elevation of Shivam Pandey as head of supply chain. In his new role, Shivam will spearhead the development of a customer-centric supply chain strategy aimed at delivering enhanced value to consumers while driving sustainable growth for the organization.
With over 12 years of experience in the FMCG and e-commerce industries, Shivam brings a wealth of expertise to his new role. Having excelled in various supply chain capacities, Shivam has consistently demonstrated his ability to optimize resources, drive operational efficiency, and foster team synergies.
During his 1.5 year span at the Good Glamm Group, Shivam has made significant contributions as the head of warehouse and procurement, implementing cost-saving measures and streamlining processes to achieve tangible results. His track record in directing automation initiatives across critical areas such as storage, distribution, and payment realization underscores his commitment to innovation and operational excellence.
“The growth opportunities for me at the Good Glamm Group have been tremendous and I am honored and excited to take on the role of head of supply Chain. I look forward to leveraging my experience and collaborating with our talented teams to further enhance our supply chain capabilities, delivering superior value to our customers and driving sustainable growth for the organization,” said Good Glamm Group head of supply chain Shivam Pandey.
Good Glamm Group, group chief people officer and SVP of founder initiatives Kartik Rao added, “At Good Glamm Group, we believe in the potential of our employees and their ability to drive the company’s success. Shivam has been an invaluable asset to our organization and we believe that under his leadership, our supply chain will further strengthen our supply chain operations and contribute to the overall growth and success of the organization.”
Good Glamm Group is excited about the future and the positive impact Shivam Pandey’s appointment will have on the company’s supply chain operations and overall business growth.
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.
