Phone Number of
The Estee Lauder Companies INC is
18002672888, +1 (212) 572-4200 .
The Estée Lauder Companies Inc. (ELC) is a multinational corporation that manufactures, markets, and sells beauty products, including skincare, makeup, fragrance, and hair care. They are the second-largest cosmetics company in the world after L'Oréal. ELC owns a diverse portfolio of prestige brands, distributed internationally through both digital and retail channels.
Here's a more detailed breakdown:
Diverse Brand Portfolio: ELC's brand portfolio includes luxury brands like Estée Lauder, La Mer, and Jo Malone London, as well as more mass-market brands like Clinique and Origins.
Global Presence:
Their products are sold in approximately 150 countries and territories.
Key Focus Areas:
ELC focuses on skincare, makeup, fragrance, and hair care products.
Retail Channels:
They sell their products through various retail channels, including specialty stores, department stores, online platforms, and their own branded stores.
Manufacturing and Marketing:
ELC manufactures, markets, and sells its products globally.
Popularity
It is the second largest cosmetics company in the world after L'Oréal. The company owns a diverse portfolio of brands, including La Mer, Jo Malone London, Clinique and Tom Ford Beauty, among many more, distributed internationally through both digital commerce and retail channels. The Estée Lauder Companies Inc.
Founding and Establishment
The Estée Lauder Companies Inc. was founded in 1946 by Estée Lauder and her husband, Joseph Lauder, in New York City. Initially, the company offered only four products: Cleansing Oil, Skin Lotion, Super Rich All-purpose Creme, and Creme Pack. Estée Lauder, a businesswoman known for her innovative approach, focused on high-touch service and personalized sales.
Key Milestones and Expansion:
1948: Estée Lauder secured their first major department store account with Saks Fifth Avenue.
1960s: The company expanded internationally, establishing accounts in Harrods in London and opening an office in Hong Kong.
1964: Aramis, a line of fragrance and grooming products for men, was introduced.
1967: Estée Lauder was recognized as one of the ten Outstanding Women in Business in the U.S.
1968: Clinique, a dermatologist-guided, allergy-tested brand, was launched.
1995: Estée Lauder went public.
Estée Lauder's Vision and Legacy:
Who Was Estée Lauder? Why Was She Famous?
Estée Lauder's success was attributed to her intuition, sales skills, and courage to challenge conventions, according to the company's website. She pioneered the concept of "gifts with purchase," which became an industry standard. Her brand became synonymous with luxury, quality, and elegance, establishing The Estée Lauder Companies as a global leader in prestige beauty.
Current Position
The Estée Lauder Companies Inc. is currently experiencing a period of adjustment and a focus on recovery, with net sales decreasing in fiscal year 2024. The company is implementing a new strategy called "Beauty Reimagined" and has also made leadership changes, including the appointment of a new CEO. While the company has a strong global presence and a portfolio of well-known brands, it has been facing challenges in some key markets, particularly in China and Asia.
Here's a more detailed look at their current position:
Financial Performance:
Fiscal Year 2024:
Net sales were $15.61 billion, a 2% decrease from the previous year.
Organic Net Sales:
Also decreased by 2%, primarily due to softness in the prestige beauty market in China and a decline in Asia travel retail.
Profitability:
Net earnings were $0.39 billion, compared to $1.01 billion in the prior year.
Recent Decline:
Sales decreased by around 5% in both the first and second quarters of fiscal year 2025.
Market Challenges and Growth Strategies:
Key Markets:
Challenges in China and Asia, as well as a need to reset inventory levels and lower conversion rates in some regions.
"Beauty Reimagined" Strategy:
A new plan to restore growth and address recent underperformance.
Leadership Changes:
Stéphane de La Faverie has been appointed as the new CEO, signaling a shift in direction.
Turnaround Plan:
A multi-year plan with an estimated cost of $1.2 billion to $1.6 billion, including job cuts.
Global Presence and Brand Portfolio:
Global Leader:
The Estée Lauder Companies is a leading global player in the prestige beauty industry.
Diverse Brands:
The company owns a portfolio of well-known brands, including Estée Lauder, Clinique, La Mer, and more.
Global Reach:
Products are sold in approximately 150 countries and territories.
The Estee Lauder Companies INC Address
The address of The Estee Lauder Companies INC is 767 5th Avenue, New York City, New York 10153, USA.
The Estee Lauder Companies INC Email Address
The email address of The Estee Lauder Companies INC is
support@esteelauder.in.
The Estee Lauder Companies INC Website
The Website of The Estee Lauder Companies INC is
www.esteelauder.in.
The Estee Lauder Companies INC contact person
The contact person of The Estee Lauder Companies INC is Support Team.
The Estee Lauder Companies INC Customer Support Service Phone Number
The customer support phone number of The Estee Lauder Companies INC is
18002672888, +1 (212) 572-4200 (Click phone number to call).
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