By Stephanie Altunis
Estée Lauder is a brand I am most familiar with and have been since the days I made a mess of my mother’s makeup set. Estée Lauder Companies, the major cosmetic company, holds 28 luxurious beauty, skincare and hair care brands, as well as their own. Its products fill the shelves of department stores, pharmacies and beauty supply stores throughout 150 countries worldwide. The Company, who bases its principles on entrepreneurship, creativity and innovation, continues to grow in today’s fashion and beauty market.
Businesswoman and New York native Estée Lauder and her husband, Joseph, founded the Company in 1946. Within two years of production, the Company began a department account with Saks Fifth Avenue in New York, and fifteen years later, it expanded overseas in Harrods in London and opened offices in Hong Kong.
Since Estée Lauder’s death in 2004, the company is still operated under the Lauder family, with son Leonard Lauder as Chairman Emeritus of the Board of Directors, and grandson William P. Lauder as Chairman of the Board and Executive Chairman. In July 2009, Italian businessman Fabrizio Freda was named CEO and President.