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Estée Lauder Companies

The Estée Lauder Companies Inc.
Public
Traded as EL
S&P 500 Component
Industry Cosmetics
Founded New York City, New York, United States (1946)
Founders Estée Lauder
Joseph Lauder
Headquarters General Motors Building
New York City, New York, United States
Key people
William P. Lauder
(Executive Chairman)
Fabrizio Freda
(President and CEO)
Products Skin care, Makeup, Fragrance and Haircare
Revenue IncreaseUS$11.26 billion (2016)
IncreaseUS$1.61 billion (2016)
IncreaseUS$1.11 billion (2016)
Total assets IncreaseUS$9.22 billion (2016)
Total equity DecreaseUS$3.57 billion (2016)
Number of employees
46,000 (June 2016)
Website elcompanies.com

The Estée Lauder Companies Inc. (/ˈɛst ˈlɔːdər/) is an American manufacturer and marketer of prestige skincare, makeup, fragrance and hair care products. The company owns a diverse portfolio of brands, distributed internationally through retail channels and digital commerce, and has its headquarters in Midtown Manhattan, New York City.

The company began in 1946 when Estée Lauder and her husband Joseph Lauder began producing cosmetics in New York City. They first carried only four products: Cleansing Oil, Skin Lotion, Super Rich All purpose Creme, and Creme Pack. Two years later, in 1948 they established their first department store account with Saks Fifth Avenue in New York.

Over the next 15 years, they expanded the range and continued to sell their products in the United States. In 1960, the company started its first international account in the London department store Harrods. The following year it opened an office in Hong Kong.

In 1964, they introduced Aramis, a line of fragrance and grooming products for men named after an exotic Turkish root originally used as an aphrodisiac. In 1967, Estée Lauder herself was 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 (Dr. Norman Orentreich), allergy tested, fragrance-free cosmetic brand created by Estée Lauder.


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