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The Estée Lauder Companies Inc. is one of the world’s leading manufacturers and marketers of prestige skin care, makeup, fragrance and hair care products, with a diverse portfolio of +25 brands.

Estée Lauder Companies

The Estée Lauder Companies Inc. is one of the world’s leading manufacturers and marketers of prestige skin care, makeup, fragrance and hair care products, with a diverse portfolio of +25 brands.

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Vital statistics

  • 1946 Established
  • Public Type
  • > 10,000 Number of employees
  • $11.26 Billion Revenue
  • 1230+ Stores
  • 767 Fifth Avenue
    New York, United States
    HQ

Key people

  • William P. Lauder Executive Chairman
  • Fabrizio Freda President and Chief Executive Officer
  • John Demsey Executive Group President
  • Jane Hertzmark Hudis Group President

Culture Q&A

Company Snapshot

The Estée Lauder Companies, a Home for Creative Talent

The Estée Lauder Companies, a Home for Creative Talent

As a leader in the beauty industry and the only major player to operate solely in the prestige segment, The Estée Lauder Companies (ELC) has built on its creative strength and scientific achievement to nurture a growing portfolio of beauty brands. The Lauder family remains at the heart of the publicly traded, family-controlled company, and ELC’s more than 25 brands include behemoths such as Clinique and MAC, as well as Tom Ford, Bobbi Brown, Jo Malone London and Smashbox. Now present in over 150 countries and territories, ELC reported group sales of $11.26 billion in fiscal year 2016.

Creativity and innovation have remained at the core of ELC since Mrs Estée Lauder founded the company in 1946. Today, the beauty group is building upon these strengths by advancing and investing in creative talent development, while continuing to infuse cutting-edge innovation, technology and the highest standards of quality in all that it does. Between 2015 and 2016, the company added new brands to its portfolio, acquiring Le Labo, Rodin Olio Lusso, Editions de Parfums Frédéric Malle, Glamglow, By Killian and most recently, Becca Cosmetics and Too Faced Cosmetics. BoF sits down with John Demsey, executive group president and the leader of ELC’s Center of Excellence for Creative Talent, to learn why creativity is crucial to the organisation’s operations and its future success.

BoF: What are the pillars of ELC’s company culture?

ELC is the only beauty company in the world committed exclusively to prestige beauty. In founding the company, the Lauder family defined the idea of what prestige beauty is all about; they were the architects of the modern day beauty business, so there has always been a uniquely strong focus on quality and product innovation at the company.

Seventy years since its creation, second- and third-generation members of the Lauder family remain at the heart of our company and are actively engaged in its leadership. Lauder family values infuse the entire ethos of the company, and our culture is a rare mix of family values and the high performance of a public company. The beauty of this blend is our long-term focus on sustainable growth and a respectful, inclusive and collaborative workplace with a strong drive to win. Strong creativity and leadership are the tenants we build our business on. It’s not to say that every company doesn’t have those aspirations, but our creativity is truly brand-led. It’s not category or operationally-led and it’s our focus and care in establishing and building brand equity, building product lines, creating differentiation in terms of points of sales and brand experiences, which goes through everything in our company.

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