MAM
Wipro crosses the 100,000 UPS mark
BANGALORE: The Bangalore-based WeP Peripherals Ltd (new name of Wipro ePeripherals Ltd), the leading IT peripherals solutions and services enterprise has achieved yet another milestone by crossing the 100,000 uploading to server (UPS ) mark.
WeP, which entered the UPS market in April 2001 with its emerge brand has claimed to be the “fastest Indian company” to have reached this landmark in this market segment.
WeP had commenced manufacturing of UPS at the Hyderabad unit last year and the company has made significant investments in terms of manpower, R&D and material resources in this direction.
According to a press release, WeP has taken the initiative to provide customers’ stable and reliable power protection equipment – which protect their investments on sensitive equipment’s like PC even at the lower segment. WeP claims to be the front runner on this initiative since the last two years by providing affordable branded UPS for segments like SOHO/Home.
Talking about the 100,000 UPS milestone, WeP channel and UPS business manager K Chandrasekhar was quoted as saying, “We are the only Indian company to have achieved this mark of 100,000 UPS in such a short span of time. And we were able to do so because of our widespread channel strength.”
Chandrasekhar further added, “WeP has continuously understood customer needs and during the last six months has come out with new innovative products such as Emerge 600VA for 2 PC applications and Emerge 550G, the Only UPS to protect PC even with a generator.”
During this period, customers from 272 locations across the country have bought E-Merge UPS which has been accredited to be the Number One ‘Bhoomi Brand’ as per a recent survey held by 360 Magazine (a channel magazine).
The brand has also been continuously rated by IDC as the Number One Indian UPS brand. Out of these total sales of 100,000 units, about 80 per cent would constitute Emerge 500 VA category, while the remaining unit sales would be of Emerge 600 VA, 650 VA and 1 KVA categories.
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.
