We have moved! Please head to http://www.lavieenbeaute.wordpress.com if your browser does not automatically redirect you. Please update your bookmarks with the change! La Vie en Beauté: Oh man...And Another One Bites The Dust

Introduction

Welcome to my abode of pretty things (:. Continuing Oscar Wilde's aesthetic one beautiful possession at a time.

Bulletin Board


IMPORTANT: I will ALWAYS disclose which products I have received from companies free of cost. I will never write sponsored or paid articles. Products sent to me are sent for consideration only, and are not guaranteed a good review. Unless otherwise indicated, everything reviewed are products purchased by me.

La Vie En Beaute is formerly Diamond in the Rough at thoughtsofeverythingandanything.blogspot.com. Please note the change because Blogger WILL NOT automatically redirect you!

Thursday, September 17, 2009

Oh man...And Another One Bites The Dust

As most of you have probably already heard, Estee Lauder is shutting down Prescriptives this January. They'll continue selling Px through their site until stocks are all gone.

"In a long-anticipated move, the Estée Lauder Cos. Inc. said Thursday it will shut down wholesale distribution of its 30-year-old Prescriptives brand by Jan. 31. Products will continue to be available through the brand’s Web site for consumers needing replenishment, until supplies run out.

“A core component of the Estée Lauder Companies’ corporate strategy is to evaluate, and where possible, turn around underperforming brands with the goal of improving return on investment. After a thorough analysis of the Prescriptives brand, management concluded that the brand’s long-term business model is no longer viable given the current market environment. We believe that the difficult decision relating to Prescriptives will allow us to redirect our resources to key strategic imperatives where we see the highest growth potential,” said Freda."

I'm saddened that Estee Lauder is shuttering Px down because, though I've never tried them, I thought they had decent quality and a nice concept. I know they never had the biggest following, but its sad to see them go anyways.

Read the original article here.

3 comments:

  1. hmm and I was just making up my mind to try something from the line....sad. oh, people don't go and rob everything off! I want something left for me too! =D

    ReplyDelete
  2. Hi Mary in Wonder! :) I hope you can try something from them soon!

    ReplyDelete
  3. I'm glad I don't have anything from this line that I really depend on. lol Its sad to see another one go~

    ReplyDelete

Thank you for visiting my blog! Comments will be shown after my approval. Please use good sense when posting comments! Thanks again :)

Connect

LinkWithin

Related Posts with Thumbnails