name: Estee Lauder Companies
Estée Lauder Companies (Estée Lauder Companies) is an American manufacturer and marketer of skin care, cosmetics, perfume and hair care products. The company has a diversified portfolio of brands and products are sold in high-end department stores around the world. The headquarter is located in the General Motors Building in Midtown Manhattan, New York City.
The Estée Lauder Company was founded in 1946 by Estee Lauder and her husband Joseph Lauder, and produced cosmetics in New York City, USA. Initially, the company mainly produced four products: cleansing oil, moisturizing lotion, super rich universal cream and powder cream pack. Two years later, in 1948, the company opened its first department store on Saks Fifth Avenue in New York.
In the next 15 years, Estée Lauder Companies will expand its business scope and continue to sell products in the United States. In 1960, the company began selling products in Harrods, London. Set up an office in Hong Kong the following year.
As of June 30, 2014, the Estée Lauder Companies’ sales were 10.9 billion US dollars. In 2014, 87% of the company’s stock was held by members of the Estée Lauder family.
The Estée Lauder Companies’ stock code on the New York Stock Exchange is EL and is a component of the Standard & Poor’s 500 Index. The executive chairman is William P. Lauder, and the president and chief executive officer is Fabric Ofrida. It has 44,000 employees. .
In 2014, the Estée Lauder Companies revenue was US$10.96 billion, operating income was US$1.8276 billion, net income was US$1.2041 billion, total assets were US$7.8688 billion, and total equity was US$3.8694 billion.
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