1019 GMT - "The beauty industry is changing at the speed of light," Nadine Graf, president of Europe, the U.K., Ireland and emerging markets at Estee Lauder says. While consumers enter the beauty market much earlier and stay for much longer, retail is also changing rapidly, Graf says at the ShopTalk Europe conference in Barcelona. Companies need to boost innovation and increase consumer-centered investments, she adds. "The operating model needs to change if you want to be next to the consumer," she says, noting that AI is helping Estee Lauder streamline the process of adapting to consumer needs. (andrea.figueras@wsj.com)

(END) Dow Jones Newswires

June 09, 2026 06:19 ET (10:19 GMT)

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