ELC Partners with International Business School on First Ever Beauty Program

Press Release, Oct 22, 2019

 A one-of-the-kind program to inspire future beauty industry leaders

Cergy, 22nd October 2019 – The Estée Lauder Companies, IFF and Nocibé (Douglas Group) have announced a joint partnership with the prestigious international business school, ESSEC, to launch the university’s first ever beauty program called Leading a Beauty Brand. The Chair will commence for ESSEC Business School students in the January 2020 term.

Under the supervision of ESSEC Marketing Professor, Véronique Drecq, the new Leading a Beauty Brand Chair intends to inspire future beauty industry leaders by opening the doors of the beauty industry to its students and provide them with a full view of beauty sector end-to-end, and the tools to build careers in areas such as marketing, communications, retail and brand leadership.

The main objective of this new Chair is to help students understand the breadth and scope of the beauty of industry, the significant trends that impact its ongoing evolution, the skillsets it takes to lead a beauty brand today and in the future, while helping students realize the potential of a career in the industry.

Through the depth of the academic content and the many activities of the Chair, students will gain significant insights into building a structured and lasting career in the beauty industry.

“The goal is to give students the right keys to successfully lead a beauty brand and thrive in this exciting industry. It is about preparing our students to be leaders in a growing globalization context where understanding the nuances of the beauty industry across the world has become essential," explains Véronique Drecq, chaired professor.

Jean-Christophe Jourde, President, The Estée Lauder Companies, France, and ESSEC Business School alumnus said, “At The Estée Lauder Companies, we are deeply passionate about learning and development. Partnering with IFF and Nocibé on the creation of this one-of-a-kind, end-to-end beauty program for ESSEC is a natural extension of our strong commitment to nurture and develop the next generation of leaders in the exciting, fast-moving and growing beauty industry.”

"IFF is very proud to be part of the ESSEC Beauty Chair,” said Christophe de Villeplée, IFF’s SVP Consumer Fragrance. “We embrace the opportunity to create a better life for students through education and applaud ESSEC for taking on this important role to train emerging leaders and entrepreneurs, and for the world of beauty. At IFF, our mantra of Uncommon Sense is supported by our pillars of Question Everything, Champion Creators, and Do More Good; and we want to contribute to training and developing the next generation in this spirit.” Mr. de Villeplée continued, “Partnering to develop the leaders of tomorrow with such prestigious and successful companies like The Estée Lauder Companies and Nocibé / Douglas is a real privilege. I strongly believe that this Chair will positively contribute to the lives of the students for all they will learn and will also benefit the beauty industry with well-trained and passionate practitioners.”

Pierre Aoun CEO, Nocibé (Douglas Group), said: “As part of the Douglas Group, the European leader of the selective perfumery retail market, Nocibé is very proud and honoured to launch this Beauty Chair with ESSEC Business School and its partners. When Retail meets the world of Beauty, it is important to have the widest and fairest offer, the best advice and service in order to satisfy all consumers, each consumer. We are delighted to share with the ESSEC students in the near future our passion of Beauty and retail.”

ABOUT ESSEC BUSINESS SCHOOL

ESSEC, founded in 1907, is one of the world’s top management schools and holds the “triple crown” accreditation from EQUIS, AACSB and AMBA. With 6,097 students; a faculty comprised of 164 full-time professors, 19 of which are emeritus professors, in France and Singapore, recognized for both the quality and influence of their research; a wide range of management training programs; partnerships with the world’s best universities; and a network of 55,000 alumni, ESSEC continues to foster a tradition of academic excellence and a spirit of openness in the fields of economics, social sciences and innovation. In 2005, ESSEC opened a campus in Asia, ESSEC Asia-Pacific. ESSEC’s operations in Asia Pacific, strategically located in Singapore, present the perfect foothold for ESSEC to be part of the vibrant growth in Asia and to bring its expertise to the expanding region.  Additionally, in 2017 ESSEC opened a new campus in Rabat, Morocco, ESSEC Africa. ESSEC’s international expansion allows students and professors to study and understand the economic forces at work in the different regions of the world. For any additional information, please visit www.essec.edu.

ABOUT THE ESTÉE LAUDER COMPANIES INC.

The Estée Lauder Companies Inc. is one of the world’s leading manufacturers and marketers of quality skin care, makeup, fragrance and hair care products. The company’s products are sold in approximately 150 countries and territories under brand names including: Estée Lauder, Aramis, Clinique, Prescriptives, Lab Series, Origins, Tommy Hilfiger, M·A·C, Kiton, La Mer, Bobbi Brown, Donna Karan New York, DKNY, Aveda, Jo Malone London, Bumble and bumble, Michael Kors, Darphin, Tom Ford, Smashbox, Ermenegildo Zegna, AERIN, Tory Burch, RODIN olio lusso, Le Labo, Editions de Parfums Frédéric Malle, GLAMGLOW, By Kilian, BECCA and Too Faced.

ABOUT IFF

At IFF (NYSE:IFF) (Euronext Paris: IFF) (TASE: IFF), we’re using Uncommon Sense to create what the world needs. As a collective of unconventional thinkers and creators, we put science and artistry to work to create unique and unexpected scents, tastes, experiences and ingredients for the products our world craves. Learn more at iff.com, Twitter , Facebook, Instagram, and LinkedIn.

ABOUT NOCIBE

Nocibé is a subsidiary of Douglas Group, the European leader of selective perfumery retail, acting in over 19 countries. Nocibé owns 500 stores in France, has 115 franchised stores, about 4 000 employees, with 20 millions clients a year, 1Billion Euros turnover and a 27% market share in selective products.