Estée Lauder Companies
536709
224367867
2008-07-08T15:24:32Z
74.94.193.117
{{Infobox_Company |
company_name = Estée Lauder Companies, Inc.|
company_logo = [[Image:Estee Lauder logo.jpg|230px]]|
company_type = [[Public companies|Public group of companies]]<br> ([[NYSE]]: [http://www.nyse.com/about/listed/lcddata.html?ticker=EL EL])|
company_slogan = |
foundation = [[New York City]], [[New York]], [[United States|USA]] (1946) |
location = {{flagicon|USA}} [[New York City]], [[New York]], USA |
key_people = [[Charlene Barshefsky]], [[Rose Bravo]], [[Lynn de Rothschild]], [[Mellody Hobson]], [[Irvine Hockaday]], [[Aerin Lauder]], [[Leonard Lauder]], [[Ronald Lauder]], [[William P. Lauder]], [[Richard Parsons]], [[Marshall Rose]], [[Barry Sternlicht]], [[Fabrizio Freda]]
|
num_employees = 28,500|
industry = [[Cosmetics]], [[Perfumes]]|
products = |
homepage = [http://www.esteelauder.com/ www.esteelauder.com]|
revenue = $7 billion [[United States dollar|USD]]|
net_income = |
}}
'''Estée Lauder Companies, Inc.''' is one of the world's leading manufacturers and marketers of [[skin]] care, [[cosmetics]], [[perfume]] and [[hair]] care products.
==History==
The company began in [[1946]], when Joseph Lauder and wife [[Estée Lauder (person)|Estée Lauder]] began producing cosmetics in [[New York City]], [[New York]]. At first, they only had four products: super rich all purpose cream, creme pack, cleansing oil and skin lotion. Two years later, they established their first department store account with [[Saks Fifth Avenue]] in [[New York]].
Over the next fifteen years, they expanded the range and continued to sell their products in the [[United States]]. In [[1960]], the company went international. Its first international account was in the [[London]] department store [[Harrods]]. The following year, it opened an office in [[Hong Kong]].
In [[1964]], they started Aramis Inc., which produced fragrances and grooming products for men. In [[1967]], Estée Lauder was rewarded for her efforts by being named one of ten Outstanding Women in Business in the United States by business and financial editors. This was followed by a Spirit of Achievement Award from [[Albert Einstein College of Medicine]] at [[Yeshiva University]] in [[1968]]. In that year, the company expanded again, opening Clinique Laboratories, Inc. [[Clinique]] was the first dermatologist guided, allergy tested, fragrance free cosmetic brand created by Estée Lauder.
Estée Lauder's Clinique brand became the first women's cosmetic company to introduce a second line for men when, in [[1976]], they began a separate line called "Skin Supplies for Men". In [[1981]], the company achieved another breakthrough when their products became available in the [[Soviet Union]].
Estée Lauder now sells its products in department stores across the world, as well as having a chain of freestanding retail outlets. It employs over 20,000 people, and in [[2003]], its sales topped $5 billion. In [[February 2004]], the company's teen-oriented ''jane'' business was sold; in [[April 2006]], the professional-quality [[Stila]] brand, which Estée Lauder purchased in [[1999]], was sold.
<!-- Deleted image removed: [[image:Estee2.JPG|thumb|260px|Estée Lauder's ''Pleasures: Intense'' perfume.]] -->
The company has been known for its sometimes iconic spokesmodels, sometimes referred to simply as 'faces'. Past 'faces' for Estée Lauder include [[Karen Graham]], [[Bruce Boxleitner]], [[Shaun Casey]], [[Willow Bay]] and [[Paulina Porizkova]]. Currently, the public spokesmodels for Estée Lauder are [[Carolyn Murphy]], [[Gwyneth Paltrow]], [[Hilary Rhoda]], and [[Elizabeth Hurley]].
==Operations==
===Corporate governance===
Current members of the [[board of directors]] of Estée Lauder Companies Inc. are: [[Charlene Barshefsky]], [[Rose Bravo]], [[Lynn de Rothschild]], [[Mellody Hobson]], [[Irvine Hockaday]], [[Aerin Lauder]], [[Leonard Lauder]], [[Ronald Lauder]], [[William P. Lauder]], [[Richard Parsons]], [[Marshall Rose]], and [[Barry Sternlicht]].
===Management===
The company is still controlled by the Lauder family, which controls about 70% of voting shares, and Estée's son [[Leonard Lauder]] chairs the [[board of directors]]. [[William P. Lauder]], a grandson, is CEO. Dan Brestle is president. [[Fabrizio Freda]] will become president and chief operating officer in March 2008.<ref>Women's Wear Daily, 9 November 2007</ref>
==Breast cancer activist==
The Estée Lauder Companies’ annual Breast Cancer Awareness Campaign involves all of the 18 brands that make up The Estée Lauder Companies. They collectively represent The Breast Cancer Research Foundation’s first and largest corporate supporter. Estée's daughter-in-law was the creator of BCRF's signature pink ribbon.
Over $10 million has been raised for The Breast Cancer Research Foundation since 1993. Another $1 million was raised from their retail partners since [[July 2002]].<ref>[http://www.bcrfcure.org/sum03_corp_estee.html Estée Lauder Companies Update]</ref>
==Brands==
Estée Lauder brands include:
{{MultiCol}}
* [[American Beauty (perfume)|American Beauty]]
* [[Aramis (fragrance)|Aramis]]
* [[Aveda]]
* [[Bobbi Brown]]
* [[Bumble and bumble]]
* [[Clinique]]
* [[Coach (company)|Coach]]
* [[Daisy Fuentes]]
* [[Darphin]]
* [[Donald Trump]] The Fragrance (discontinued)
{{ColBreak}}
* [[Donna Karan]]
* [[Estée Lauder]]
* [[Flirt!]]
* [[Good Skin]]
* [[Grassroots (brand)|Grassroots]]
* [[Jo Malone]]
* [[Kate Spade]] (divested)
* [[Lab Series]]
* [[La Mer (cosmetic brand)|La Mer]]
* [[Kiton]]
{{ColBreak}}
* [[MAC Cosmetics]]
* [[Michael Kors]]
* [[Missoni]]
* [[Ojon]]
* [[Origins (cosmetics)|Origins]]
* [[Prescriptives]]
* [[Sean John]] Fragrances
* [[Stila]] (sold)
* [[Tommy Hilfiger]]
* [[Tom Ford]] Beauty
{{EndMultiCol}}
==Controversies==
===Boycott===
[[Image:ES_val_banner.jpg|right|thumb|300px|QUIT activists outside [[Macy's]] San Francisco store on Valentine's Day, 2004. Banner says, "Killer Products from Estée Slaughter."]]Since at least February, 2001, Estée Lauder and its brands have been the target of a [[boycott]] campaign. The boycott has been led by pro-Palestinian actvists who have targeted the corporation because of the pro-Israel activities of [[Ronald Lauder]].<ref>{{cite web|url=http://www.inminds.co.uk/boycott-estee-lauder.html|title=Boycott Israel Campaign|accessdate=2006-08-06}}</ref><ref>{{cite web|url=http://www.snopes.com/inboxer/boycotts/lauder.asp|title=American Muslims for Jerusalem have called for a boycott of Estee Lauder products|publisher=[[Snopes]]|accessdate=2006-08-06}}</ref> In June 2003, the San Francisco-based [[Queers Undermining Israeli Terrorism]] (QUIT) took up the boycott with their "Estee Slaughter" campaign.<ref>{{cite web|url=http://www.quitpalestine.org/esteeslaughter/esteeindex.html|title=Queers Undermining Israeli Terrorism|accessdate=2006-08-06}}</ref> The boycott has generated an [[anti-boycott]] campaign by supporters of Israel.<ref>{{cite web|url=http://jdl.org/action/armchair/estee_lauder.html|archiveurl=http://web.archive.org/web/20020607110614/http://jdl.org/action/armchair/estee_lauder.html|archivedate=2002-06-07|title=Armchair Activist: Buy Estee Lauder Products|date=[[May 11]], [[2001]]|accessdate=2006-08-06}}</ref>
<!-- FAIR USE of ES_val_banner.jpg: see image description page at http://en.wikipedia.org/wiki/Image:ES_val_banner.jpg for rationale -->
===Sandra Bernhard===
Estée Lauder's boutique brand, [[MAC Cosmetics|M.A.C]], aired an internet commercial starring M.A.C spokesperson [[Sandra Bernhard]]. Ms. Bernhard referred to theoretical individuals unlike herself (who presumably did not use the product) as "...little freaked out, intimidated, frightened, right-wing Republican thin-lipped bitch" in this now infamous [http://www.youtube.com/watch?v=64SnLJ8qPM4 internet ad]. Many Estee Lauder brand customers contacted the company to complain, asking that be removed and a public apology made. The company apologized for the ad, and the video was removed from the official site, although it is still available on [[YouTube]].
==References==
<references/>
==External links==
*[http://www.elcompanies.com/ Estée Lauder Companies Inc. website]
*[http://finance.yahoo.com/q/pr?s=el Yahoo! Finance company profile]
*[http://www.nytimes.com/2006/06/19/arts/design/19klim.html Lauder Pays $135 Million, a Record, for a Klimt Portrait]
*[http://www.pequenofrascocastanho.com/ Pequeno Frasco Castanho, uma pele renovada e mais bonita]
*[http://www.dfnionline.com/article/Este-Lauder-travel-retail-sales-up-23-in-Q3-200708-1856543.html Estée Lauder travel-retail sales up 23% in Q3 2007/08]
*[http://www.fragrantica.com/designers/Estee+Lauder.html Estée Lauder Perfumes and Fragrances]
{{coor title dms|40|45|49|N|73|58|22|W|type:landmark|region:US-NY}}
{{cosmetics}}
[[Category:Companies established in 1946]]
[[Category:Cosmetics companies of the United States]]
[[Category:Companies based in New York City]]
[[Category:History of cosmetics]]
[[Category:Boycotts of organizations]]
[[Category:Perfume houses]]
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