The Estée Lauder Companies Inc. (NYSE: EL) announced the appointment of WPP as its first global media partner, completing the establishment of its "One ELC" operating model. The cosmetics company said this unified approach to media buying is designed to enable greater scale and efficiency in its advertising operations.

The One ELC operating model consists of three components: One Team, One Culture, and One Operating Ecosystem. The company deployed the One Team structure in July 2025 to reduce organizational layers, introduced One Culture in February 2026 to emphasize accountability and agility, and has now completed the One Operating Ecosystem with strategic partnerships.

Estée Lauder is transitioning from a decentralized regional media structure to a connected global system. The company stated this change will strengthen its ability to generate demand while improving media effectiveness at scale.

The company has also established partnerships with Accenture for shared services transformation and Shopify for direct-to-consumer commerce. Accenture is developing the Enterprise Business Services model, expected to be fully operational by the end of calendar year 2026. Shopify's initial implementation with TOM FORD BEAUTY's website reportedly improved sales, conversion rates, and average order values.

Regarding its Profit Recovery and Growth Plan, Estée Lauder announced it has approved initiatives expected to deliver gross benefits at the high end of its $0.8 billion to $1.0 billion target range. The company expects total charges at the mid-point of the estimated $1.2 billion to $1.6 billion range.

The company stated that business case approvals for the Restructuring Program are expected to be completed by June 30, 2026, with execution substantially complete by the end of fiscal 2027. The majority of the plan's run-rate benefits are anticipated to be achieved during fiscal 2027.