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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. It is the second largest cosmetics company in the world after ...
The company has been headquartered in London since becoming a subsidiary of Estée Lauder Companies in 1998. MAC is an acronym for Make-Up Art Cosmetics . It is named one of the top three global makeup brands, with an annual turnover of over $1 billion, and 500 independent stores, with over thirty stores in France.
Estée and Joseph Lauder in 1971 Lauder (left) with Ivana Trump in 1986. When Lauder grew older, she agreed to help her uncle, Dr. John Schotz, with his business. Schotz was a chemist, and his company, New Way Laboratories, sold beauty products such as creams, lotions, rouge, and fragrances. She became more interested in his business than her ...
In May 2007, L'Oréal was one of several cosmetic manufacturers (along with Clinique, Estee Lauder, Payot, Lancôme) [146] ordered by the Therapeutic Goods Administration in Australia to withdraw advertising regarding the wrinkle removal capabilities of their products. [147]
Freda was appointed president and chief executive officer of The Estée Lauder Companies Inc. on July 1, 2009, [3] [4] succeeding William P. Lauder. He had joined the company in March 2008, when he was appointed president and chief operating officer. [5] He retired from Estee Lauder in 2024 and assumed the position of special advisor. [6]
Clinique was the third brand that was "born" from the Lauder Group after Estée Lauder and Aramis. [ 7 ] In 2008, Clinique announced a partnership [ 8 ] with Allergan , the maker of Botox and former cosmeceutical partner of Elizabeth Arden , with the result being a new line called Clinique Medical.