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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 ...
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 ...
In April 2000, L'Oréal, the French beauty and cosmetics company, acquired Kiehl's for between $100–$150 million.L'Oréal had pursued the purchase of the company for more than two years but the catalyst for a deal came when Kiehl's had difficulty handling the growing volume of orders due to the company's increased popularity.
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]
Lauder is an honorary trustee of the World Monuments Fund, a New York-based non-profit with the mission of protecting endangered cultural heritage sites around the world. In 1987, Lauder established the Ronald S. Lauder Foundation, a philanthropic organization that is dedicated to rebuilding Jewish life in Central and Eastern Europe. [17]
Lauder was the Senior Corporate Vice President of the Estée Lauder Companies and a member of the board of overseers at the Memorial Sloan-Kettering Cancer Center. [11] A 1995 profile in The New York Times called her "an immaculately turned-out, awesomely organized woman" who had started to fill the public role that had been filled by her mother-in-law, Estée Lauder.