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In 2019, the company acquired Dr. Jart+. Founded in Korea in 2004, Dr. Jart+ pioneered the invention of BB Cream, setting the standard for multifunctional beauty. [15] In 2021, the company acquired Canadian-based Deciem Beauty Group Inc. [16] In 2022, Estée Lauder opened a 300,000 sq ft. distribution center in Galgenen, Switzerland. [17]
Estée Lauder (/ ˈ ɛ s t eɪ ˈ l ɔː d ər / EST-ay LAW-dər; born Josephine Esther Mentzer; July 1, 1908 [1] – April 24, 2004) was an American businesswoman. [2] [3] [4] She co-founded her eponymous cosmetics company with her husband, Joseph Lauter (later Lauder). [5]
Ronald Steven Lauder (born February 26, 1944) is an American businessman and political activist. He and his brother, Leonard Lauder, are the sole heirs to the Estée Lauder cosmetics company, founded by their parents, Estée Lauder and Joseph Lauder, in 1946.
International expansion has long been a central facet of the Estée Lauder Cos. Inc.’s business strategy. It began in 1960, 14 years after the company’s birth, and remains a key component today.
The Estée Lauder Companies Inc. was founded in 1946 by Estée Lauder and her husband Joseph, with a focus on beauty products and a drive for success. The third generation, including William, Aerin, and Jane, are actively involved in the company's leadership, [ 1 ] with Jane Lauder joining the family business in 1996.
As of 2016, there 2,188 billionaires across the world -- and some major companies have a higher concentration of the richest of the rich than others.
Leonard Alan Lauder (born March 19, 1933) is an American billionaire, philanthropist, art collector.He and his brother, Ronald Lauder, are the sole heirs to the Estée Lauder Companies cosmetics fortune, founded by their parents, Estée Lauder and Joseph Lauder, in 1946. [1]
In the last 12 months alone, Est é e Lauder stock is down over 40%, even though the S&P 500 has soared over the same period. The company's trailing-12-month revenue has fallen to $15.4 billion ...