Estée Lauder Companies, Inc.
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| 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 |
 US$11.26 billion (2016) |
|
US$1.61 billion (2016) |
|
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US$1.11 billion (2016) |
|
| Total assets |
US$9.22 billion (2016) |
| Total equity |
 US$3.57 billion (2016) |
|
Number of employees
|
46,000 (June 2016) |
| Website | elcompanies.com |
The Estée Lauder Companies Inc. (/ˈɛsteɪ 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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