The wealthy 1% are turning to new status symbols that can't be bought—and it's hurting Dior, Versace, and Burberry [Fortune]
Estee Lauder Companies, Inc. (The) (EL)
Last estee lauder companies, inc. (the) earnings: 5/1 06:45 am
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Source: Fortune
the ultimate symbol of luxury—until Walmart started selling an aesthetically identical version for $80 instead of Recommended Video Fashion lovers on TikTok were quick to hype up the low-price retailer's affordable Birkin dupe, celebrating that they finally had access to the bag gate-kept by the one percent. Content creators criticized those turning their noses up at knockoffs, saying that non-rich people still deserve to own the style. Dupes such as the Walmart “Birkin” brought high fashion to the middle class. It was one step closer to leveling the playing field. “The shame of buying these things has gone,” Alice Sherwood, author of Authenticity: Reclaiming Reality in a Counterfeit Culture told Wired. “Luxury prices have skyrocketed while the trend cycle has rapidly accelerated. People no longer want to spend upwards of [thousands] on the latest ‘it' bag that might be out of vogue within a year.” The Walmart Birkin is just one of many luxury product knockoffs that have flood
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News
- HALPER SADEH LLC ENCOURAGES THE ESTEE LAUDER COMPANIES, INC. SHAREHOLDERS TO CONTACT THE FIRM TO DISCUSS THEIR RIGHTSPR Newswire
- Estée Lauder driving growth with new brands, global focus [BNN Bloomberg (Canada)]BNN Bloomberg
- Estée Lauder driving growth with new brands, global focus [Yahoo! Finance Canada]Yahoo! Finance Canada
- 24 gifts to spoil yourself with this holiday season [Los Angeles Times (CA)]Los Angeles Times
- Beta inks $1B deal with Eve Air Mobility, Estée Lauder's AI chatbot [Yahoo! Finance]Yahoo! Finance
EL
Earnings
- 10/30/25 - Beat
EL
Sec Filings
- 12/1/25 - Form 8-K/A
- 12/1/25 - Form 4
- 12/1/25 - Form 4
- EL's page on the SEC website