Estee Lauder
Headquarters:
767 Fifth Avenue
New York, NY 10153
Employees: 28,500
CEO: William Lauder
Website: http://www.elcompanies.com
Stock Symbol:
EL
Career Page
The Estée Lauder Companies Inc.
is one of the world's leading manufacturers and marketers of
quality skin care, makeup, fragrance and hair care products.
The Company's products are sold in over
135 countries and territories under well recognized brand names,
including Estée Lauder, Aramis, Clinique, Prescriptives,
Lab Series, Origins, M-A-C, Bobbi Brown, Tommy Hilfiger, La Mer,
Donna Karan, Aveda, Jo Malone, Bumble and bumble, Darphin, Michael
Kors, American Beauty, Flirt!, Good Skin, Grassroots, Sean John,
Missoni, Daisy Fuentes, Tom Ford Beauty, Mustang, Coach and Ojon.
Main product lines of Estee Lauder include:
Skin care:
moisturizers, creams, lotions, cleansers, sunscreens and self
tanning products
Makeup:
lipsticks, mascaras, foundations, blushes, eye shadows, nail
polishes and powders. Also compacts, brushes and other makeup
tools
Fragrance:
eau de parfum sprays, colognes, perfumes, and lotions, powders,
creams and soaps based on particular fragrances. Also bath and
aromatherapy products
Hair care:
shampoos, conditioners, styling gels and cremes, hair coloring
products and hairsprays
The Company sells its products principally
through limited distribution channels to compliment the images
associated with its brands. The channels consist primarily of
upscale department stores, specialty retailers, upscale perfumeries
and pharmacies, as well as freestanding company stores and spas,
stores on cruise ships, in-flight and duty free shops in airports
and cities, and the Internet. With the acquisitions of Aveda,
the Company entered a new channel of distribution: professional
hair salons.
Current CEO William Lauder is the grandson
of founder Estee. Granddaugher Aerin is the company's Senior
Vice President of Global Creative Directions.
In fiscal 2007, the company reported total
sales of $7.03 billion, up 8.9% from a year ago. Net earnings
were $449.2 million. The Americas region represented 51% of net
sales and 45% of operating income.
Europe, the Middle East & Africa -
The Company established an international presence in 1960 in
London. In fiscal 2007, the Europe/Middle East/Africa region
represented 35% of net sales and 43% of operating income.
Asia/Pacific - The Company established
a presence in Hong Kong in 1961. In fiscal 2007, the Asia/Pacific
region represented 14% of net sales and 12% of operating income.
History
Estée Lauder was founded in 1946
in New York City by the woman of the same name. She founded the
company with four products and an unshakeable belief that every
woman can be beautiful.
Born Josephine Esther Mentzer, Estée
Lauder was raised in Corona, Queens, by her Hungarian mother,
Rose, and Czech father, Max. The name Estée was a variation
on her family nickname, Esty. Always interested in beauty, she
was mentored by her chemist uncle, John Schotz, and began her
business selling the skin care products he developed to beauty
salons and hotels. In 1930, she married Joseph Lauder, who became
her partner in the business.
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