Estee Lauder sued by beauty tech startup for alleged theft

Reuters
昨天
Estee Lauder sued by beauty tech startup for alleged theft

Nomi Beauty data related to cosmetics sales in hotels

Estee Lauder allegedly abandoned contracts

By Jonathan Stempel

NEW YORK, Jan 20 (Reuters) - Estee Lauder EL.N was sued by a self-described "disruptive" startup that accused the cosmetics giant of effectively putting it out of business by stealing technology to boost sales from jet-setting travelers in hotels.

In a complaint filed on Friday night in Manhattan federal court, Nomi Beauty said Estee Lauder has been "driving literally billions in new revenue" to itself after abandoning contracts in 2018 and 2020, including means to determine consumers' actual preferences for cosmetics instead of their stated preferences.

Nomi -- the name is a homophone for "know me," as in the customer -- said its "secret sauce" was intended to help the parent of Clinique and MAC lipstick generate more revenue from luxury hotel duty-free shops and in-room purchases, and become less dependent on traditional retail stores.

Rather than honor its contracts or follow through on discussions to purchase Nomi outright, Estee Lauder allegedly starved Nomi's hotel partners of products, while rolling out competing programs in China, Costa Rica, Malaysia, the United Kingdom and the United States.

These programs "rely on the very same trade secrets Nomi had been educating Lauder about for years," the complaint said.

Nomi is seeking unspecified compensatory, punitive and triple damages.

Estee Lauder did not immediately respond to requests for comment.

"Nomi’s stolen innovations brought Estee Lauder into the information age, and Estee Lauder continues to profit from them wildly," Nomi's lawyer Matthew Schwartz said in an email.

Both companies are based in New York.

Since last February, Estee Lauder has pursued a "Beauty Reimagined" strategy, including prestige launches and a streamlining of its supply chain, to revive sliding sales. The strategy also called for up to 7,000 job cuts.

(Reporting by Jonathan Stempel in New YorkEditing by Bill Berkrot)

((jon.stempel@thomsonreuters.com ; +1 646 223 6317; Reuters Messaging: jon.stempel.thomsonreuters.com@reuters.net /))

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10