News

Estée Lauder Cos. names new EVP, CFO

BY Antoinette Alexander

NEW YORK — The Estée Lauder Cos. — whose brand portfolio includes Bumble and Bumble, American Beauty, Aveda and La Mer — has appointed Tracey Travis as EVP and CFO.

She will jointly report to executive chairman William Lauder and Fabrizio Freda, president and CEO. Travis will assume her new position on Aug. 20.

Travis has worked for a number of Fortune 500 consumer product companies in a variety of industries during her career. Since 2005, Travis has been SVP and CFO of Ralph Lauren. Previously, she was SVP of finance and CFO of Intimate Brands for Limited Brands from 2001 to 2004. She also spent a decade at PepsiCo and the Pepsi Bottling Group, where she held operations management and finance roles. She began her career as an engineer and a senior financial analyst at General Motors Co.

Travis will succeed Richard Kunes, a 26-year veteran of the company. In August 2011, Kunes announced his plans to retire and stated his intention to continue to serve as EVP and CFO until such time as his successor began to serve in such capacity. Kunes will become EVP, senior adviser to the CEO, working on special projects and will assist Travis during a transition period.

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Vitabath adds new line of fragrance mists

BY Antoinette Alexander

PHOENIX — Vitabath has introduced a new line of lightweight fragrance mists.

Vitabath’s fragrance collection includes both body washes and fragrance mists in 16 scents.

Spa Day: Indulge, relax and de-stress with therapeutic scents.

  • Green tea and sage

  • Lavender chamomile

  • Cucumber and white tea

  • Citron leaves

In Bloom: Flirty new florals with a twist on traditional scents.

  • Beach blossom

  • Nouveau rose

  • Ivy and lily

  • Asian orchid and coconut

 Fruit Fanatic: A  juicy collection of nature’s delectable sweets.

  • Grapefruit vanilla

  • Green apple and white lily

  • Wild red cherry

  • Pomegranate and blood orange

Cupcake Couture: A sweet confection collection.

  • Dreamy Pink Frosting

  • Luscious Lemon Crème

  • Heavenly Coconut Crème

  • Scrumptious Vanilla Sugar

The formulas are infused with conditioning vitamins, and the antioxidant blend keeps skin healthy. There are no parabens, phthalates or petrochemicals in the collection.

The new fragrance mists and body washes are $9.99 and are sold at such retail outlets as Ulta Beauty and Bed, Bath & Beyond.

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Lay’s turns to consumers to select new potato chip flavor

BY Allison Cerra

PLANO, Texas — Lay’s is celebrating its 75-year anniversary by launching the "Do Us A Flavor" contest, which invites fans to submit their potato chip flavor ideas for the chance to win a grand prize of $1 million or 1% of their flavor’s 2013 net sales, whichever is higher.

Through Oct. 6, consumers can share their flavor inspirations via Lay’s Facebook page. Consumers can select their favorite flavors by clicking an "I’d Eat That" button (rather than the Facebook Like button) and can share their voting activity back to the Facebook community.

Three finalist flavors will be fully developed by Frito-Lay’s culinary experts and unveiled in early 2013. Then, it will be up to fans to vote for the finalist flavor they love most with the winning flavor being revealed in May 2013. The two runner-up finalists will each win $50,000 in prize money.

"We’ve created some really great potato chip flavors over the years, but this time around we’re asking our consumers to weigh in and share their ideas for what comes next," Frito-Lay North America VP marketing Ram Krishnan said. "With a mix of traditions, cultures and backgrounds, we know our fans have what it takes to come up with a truly winning flavor that will be a delicious treat for fans all across the country. We can’t wait to see what fans come up with and all the creative submissions."

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