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The Estée Lauder Companies Inc. (/ ˈ ɛ s t eɪ ˈ l ɔː d ər / EST-ay LAW-dər; stylized as ESTĒE LAUDER) is an American multinational cosmetics company, a manufacturer and marketer of makeup, skincare, perfume, and hair care products, based in Midtown Manhattan, New York City.
The Lauder family is an American billionaire family. It owes its initial fame to Estée Lauder (1908–2004), who with her husband Joseph H. Lauder, made a fortune via her eponymous cosmetics business, The Estée Lauder Companies , during the 20th century.
The company's largest shareholder is Lal Family Partners, LP, with ownership of 22%. Meanwhile, the second and third largest shareholders, hold 5.0% and 4.2%, of the shares outstanding, respectively.
On April 28, 2023, The Estée Lauder Companies (ELC) announced that it had completed its acquisition of the Tom Ford brand for $2.8 billion. [20] The sale was first announced in November 2022. [21] As part of the sale, the Zegna Group took full control of Tom Ford International which owns and operates the fashion business. The deal includes a ...
Rechelbacher sold Aveda to Estée Lauder Companies, Inc., in 1997 for $300 million, although Aveda continues to be run as a semi-autonomous entity. [4] [5] Upon selling the product to Estee Lauder Companies Inc., Horst also sold off the chain of salons to his successor, David Wagner. The salons formally known as Horst and Friends was renamed ...
Estée Lauder, a cosmetic company that owns several other brands like MAC and Clinique, bought the Tom Ford brand in a deal worth $2.8 billion finalized this week.
Estée Lauder, which owns brands like Aveda, Clinique, La Mer, and Mac, reported a decline in organic sales of 5% and revenue of 4% to $3.36 billion, which essentially matched the consensus at $3. ...
Evelyn Lauder, an executive at Estée Lauder and member of the Lauder family, created the Clinique brand name and developed its line of products. [6] Lauder worked as the training director for Clinique. [6] She was the first person to wear the trademark white lab coat, now worn by Clinique Consultants worldwide. [6]