Estee Lauder Cos. Inc
(NYSE: EL)
69.72
-0.48
-0.68%
-0.48
-0.68%
MORE ON EL
COMPANY INFORMATION
| Exchange: | New York Stock Exchange |
| Stock: | Estee Lauder Cos Inc |
| Industry: | Household & Personal Products |
| Employees: | 38,500 |
DESCRIPTION
| Estee Lauder Cos Inc was founded in 1946. The Company is a manufacturer and marketer of quality skin care, makeup, fragrance and hair care products. The Company’s products are sold in over 150 countries and territories under a number of well-known brand names including: Estée Lauder, Aramis, Clinique, Origins, MžAžC, Bobbi Brown, La Mer and Aveda. It is also the global licensee for fragrances and/or cosmetics sold under brand names such as Tommy Hilfiger, Donna Karan, Michael Kors, Tom Ford and Coach. Each brand is distinctly positioned within the market for cosmetics and other beauty products. The Company’s range of skin care products addresses various skin care needs for women and men. These products include moisturizers, creams, lotions, cleansers, sun screens and self-tanning products, a number of which are developed for use on particular areas of the body, such as the face or the hands or around the eyes. It manufactures markets and sells a full array of makeup products, including lipsticks, lip glosses, mascaras, foundations, eyeshadows, nail polishes and powders. Many of the products are offered in an extensive array of shades and colors. It also sells related items such as compacts, brushes and other makeup tools. It offers a variety of fragrance products for women and men. The fragrances are sold in various forms, including eau de parfum sprays and colognes, as well as lotions, powders, creams and soaps that are based on a particular fragrance. Hair care products are offered mainly in salons and in freestanding retail stores and include hair color and styling products, shampoos, conditioners and finishing sprays. Estee Lauder brand products, which have been sold since 1946, are technologically advanced and high performance products with a reputation for innovation, sophistication, and superior quality. The broad product line mainly consists of skin care, makeup and fragrance products that are presented in high quality packaging. The Company’s heritage brands are Estee Lauder, Aramis and Designer Fragrances, Clinique, Prescriptives and Origins. It sells its products mainly through limited distribution channels to complement the images associated with its brands. These channels, encompassing over 30,000 points of sale, consist mainly of upscale department stores, specialty retailers, upscale perfumeries and pharmacies and prestige salons and spas. It own the trademark rights used in connection with the manufacturing, marketing, distribution and sale of its products both in the United States and in the other principal countries where such products are sold, including Estée Lauder, Clinique, Aramis, Prescriptives, Lab Series, Origins, MžAžC, Bobbi Brown, La Mer, Aveda, Jo Malone, Bumble and bumble, Darphin, American Beauty, Flirt!, GoodSkin Labs, grassroots research labs, Ojon, and Smashbox, and the names of many of the products sold under these brands. The Company’s competitors consist of large, well-known, multinational manufacturers and marketers of skin care, makeup, fragrance and hair care products, most of which market and sell their products under multiple brand names. They include, among others, L’Oreal S.A.; Shiseido Company, Ltd.; Beiresdorf AG; LVMH Moët Hennessey Louis Vuitton; Coty, Inc.; The Procter & Gamble Company; and Avon Products, Inc. The Company and its products are subject to regulation by the Food and Drug Administration and the Federal Trade Commission in the United States, as well as by various other federal, state, local and international regulatory authorities and the regulatory authorities in the countries in which its products are produced or sold. |
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