Brands
Yuvraj Singh becomes brand ambassador for 3rd T20 World Cricket Cup for the Blind
Mumbai: The Cricket Association for the Blind in India (CABI) has appointed Indian cricketer Yuvraj Singh as the brand ambassador for the 3rd T20 World Cup for the blind to be held in India.
The India squad list was announced with I. Ajay Kumar Reddy B2 (Andhra Pradesh) leading the team as captain andVenkateswara Rao Dunna B2 (Andhra Pradesh) as the vice-captain. The World Cup matches will commence from 6 December to 17 December 2022.
The participating countries for the 3rd T20 World Cup for the blind are India, Nepal, Bangladesh, Australia, South Africa, Pakistan and Sri Lanka. The opening match will be played between defending champions India and Nepal on 6 December 2022 in Faridabad.
“I am thrilled to be a part of the 3rd T20 World Cup Cricket for the blind as the brand ambassador. I commend and appreciate the spirit of visually impaired cricketers for their passion for cricket and determination to fight everyday challenges. It is a different world, but it is a world of cricket. Cricket has no boundaries. And I believe this game taught me how to fight, how to fall, how to dust myself off to get up again and move forward. So I urge and invite everyone to support this great initiative,” said Yuvraj Singh.
The world cup is an initiative of the Samarthanam Trust for the Disabled, which has been organising this championship since 2012. Samarthanam perceives sports as a way to improve inclusion and encourage people with disabilities on various fronts. Since its inception, the trust has reached out to more than 25,000 visually impaired crickets.
Samarthanam’s sports wing, Cricket Association for the Blind in India (CABI), was established in 2010 to foster the cricketing dreams of visually impaired cricket players and to provide a platform to showcase their unbound talent in the game of blind cricket. CABI is a member of World Blind Cricket (WBC).
On having Yuvraj Singh as the brand ambassador on board for the CABI president & founder managing trustee of the 3rd T-20 World Cup cricket for the blind Samarthanam Mahantesh G. K commented: “We are privileged to welcome Yuvraj Singh to the cricket for the blind family. His personality shines through his unmatched energy and commitment to being bold, authentic, true, fighting spirit, and uncompromising quality, which fit with CABI’s brand values.”
CABI’s committee selected the top 56 players who underwent a coaching camp in Bangalore in July. Further assessment by the selection committee led to the choice of the top 29 players who underwent rigorous cricket coaching and fitness assessment in Bhopal for 12 days. The selection committee has now chosen the final 17 Indian squad members for the 3rd T20 World Cup of cricket for the blind. The World Cup will consist of a total of 24 matches to be played in several cities in India.
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.
