Latest news with #EstéeLauderCompaniesInc
Yahoo
3 days ago
- Business
- Yahoo
Estee Lauder (EL), Consumer Stocks Jump 10.8%
The Estée Lauder Companies Inc. (NYSE:EL) is one of the . Estee Lauder jumped by 10.82 percent on Monday to finish at $74.59 apiece, tracking a generally optimistic market environment following the United States' trade deal progress with two of its trading partners. The Estée Lauder Companies Inc. (NYSE:EL) rallied in line with the recovery of consumer stocks, one of the sectors most sensitive to shifts in the global trade environment. In other news, The Estée Lauder Companies Inc. (NYSE:EL) announced the passing of its chairman emeritus, Leonard A. Lauder, at age 92. A close-up of a makeup artist carefully applying Makeup Products to an clients face. Leonard is the son of the company's founders, Estee and Joseph. He finished studies at the Columbia University's Graduate School of Business and served as lieutenant in the US Navy and as a Navy reservist. He formally joined Estée Lauder in 1958, became its president from 1972 to 1995 and as CEO from 1982 to 1999. He was named chairman in 1995 and served in that role through June 2009. While we acknowledge the potential of EL as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
3 days ago
- Business
- Yahoo
Estee Lauder (EL), Consumer Stocks Jump 10.8%
The Estée Lauder Companies Inc. (NYSE:EL) is one of the . Estee Lauder jumped by 10.82 percent on Monday to finish at $74.59 apiece, tracking a generally optimistic market environment following the United States' trade deal progress with two of its trading partners. The Estée Lauder Companies Inc. (NYSE:EL) rallied in line with the recovery of consumer stocks, one of the sectors most sensitive to shifts in the global trade environment. In other news, The Estée Lauder Companies Inc. (NYSE:EL) announced the passing of its chairman emeritus, Leonard A. Lauder, at age 92. A close-up of a makeup artist carefully applying Makeup Products to an clients face. Leonard is the son of the company's founders, Estee and Joseph. He finished studies at the Columbia University's Graduate School of Business and served as lieutenant in the US Navy and as a Navy reservist. He formally joined Estée Lauder in 1958, became its president from 1972 to 1995 and as CEO from 1982 to 1999. He was named chairman in 1995 and served in that role through June 2009. While we acknowledge the potential of EL as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
4 days ago
- Business
- Yahoo
Leonard Lauder, former CEO of beauty empire Estée Lauder, dies at 92
Leonard Lauder, CEO emeritus of the multibillion-dollar Estée Lauder beauty empire founded by his parents and named after his mother, has died. He was 92. The Estée Lauder Companies Inc. announced his death Sunday 'with deep sadness' and said Lauder, the eldest son of Estée and Joseph Lauder, had died at home 'surrounded by family.' The New York City native graduated from the Bronx High School of Science and studied business at Columbia University, among other prominent schools, the company said. After formally joining the family business in 1958, he expanded the single brand 'handful of products' into a global beauty empire during six decades at the company. He served as president from 1972-1995, as CEO from 1982-1999, and as chairman from 1995 through June 2009, and was 'deeply involved' in company acquisition strategy until his death. The 'true visionary, fearless leader, and cherished friend to so many' was 'the beacon of our company and the north star of an entire industry,' the company said. 'Throughout his life, my father worked tirelessly to build and transform the beauty industry, pioneering many of the innovations, trends, and best practices that are foundational to the industry today,' said William Lauder, his son and the current chairman of Estée Lauder's board of directors. 'Above all, my father was a man who practiced kindness with everyone he met. His impact was enormous.' Lauder was known as much for his philanthropy as for his business acumen, and championed health causes such as Alzheimer's disease and breast cancer. He pledged $1 billion in Cubist works to the Metropolitan Museum of Art, donated $125 million to the University of Pennsylvania School of Nursing and gave $10 million to Hunter College's nursing school in New York City. Lauder helped his late wife Evelyn Lauder launch the famous Pink Ribbon campaign, an awareness initiative of the Breast Cancer Research Foundation, which she founded in 1993. In 1998, Lauder and his brother Ronald Lauder co-founded the Alzheimer's Drug Discovery Foundation, which 'reshaped the Alzheimer's research landscape,' ADDF co-founder and chief science officer Dr. Howard Fillit said, adding that 'Lauder's legacy is woven into the very fabric of the ADDF and the progress it has driven toward understanding, treating, and ultimately curing Alzheimer's.' ___________
Yahoo
5 days ago
- Business
- Yahoo
Leonard Lauder, Former Estée Lauder CEO, Dies at 92: ‘True Visionary, Fearless Leader'
Leonard Lauder died on June 14, 2025; he was 92 The former Estée Lauder CEO was Estée's eldest son "Mr. Lauder was a true visionary, fearless leader, and cherished friend to so many," read a statement from the companyLeonard Lauder, the former Estée Lauder CEO, has died. He was 92. Leonard, who was also famed art collector and philanthropist, died 'surrounded by family' on Saturday, June 14, the Estée Lauder Companies Inc. announced in a statement on Sunday, June 15. "Mr. Lauder was a true visionary, fearless leader, and cherished friend to so many," the statement read. "He was the beacon of our company and the north star of an entire industry. The world is a better place because Leonard Lauder was in it." Leonard was the eldest son of Estée and Joseph Lauder, who together formally started the Estée Lauder business in 1946. Leonard joined the business in 1958 and served for years as CEO. His first wife, the late Evelyn Lauder, co-created the pink breast cancer ribbon. He was born in New York City in 1933. His mother was born Josephine Esther Mentzer, and his father was born Joseph Lauter. Estée got into the makeup business thanks to her uncle, who sold beauty products. Estée and Joseph changed their names to enhance the mythology of the Estée Lauder brand. 'My mother wasn't like other mothers,' Leonard wrote in his 2020 memoir The Company I Keep: My Life in Beauty, which was excerpted by CBS. 'When I was growing up in the 1930s, I remember sitting in the kitchen, watching my mother cook up facial creams on the stove.' As he and his younger brother Ronald ate lunch and did their homework, women would come to the apartment to receive facials and buy products. Leonard graduated from Bronx Science High School and then completed undergraduate studies at the University of Pennsylvania's Wharton School. He then served as a lieutenant in the U.S. Navy beginning in 1956. After he was discharged, he joined Estée Lauder. According to the company's website, Leonard wasn't sure he wanted to join the company and considered re-enlisting in the Navy for a full-time career. But he ultimately made the jump, and from 1972 to 1995 he served as president. In 1982, he became CEO, a role he served in until 1999. In 1995, he became Chairman, and in 2009 he transitioned into Chairman Emeritus. Leonard was also called the company's Chief Teaching Officer. Under Leonard's leadership, Estée Lauder transformed into the global company it is today. He created its first research and development lab, and beginning in the '90s, they started to acquire other companies, including MAC, Bobbi Brown and Aveda. According to Forbes, in December 2024, Leonard was worth $10.8 billion, making him the 234th richest person in the world. Leonard married Evelyn Hausner in 1959, and they had two sons, William and Gary Lauder. Evelyn was a teacher when she and Leonard wed, but became a Senior Corporate Vice President at Estée Lauder and founded the Clinique line. She also helmed the company's largest social issue — breast cancer awareness — helping to create the now-ubiquitous pink ribbon. Leonard and Evelyn together worked with New York's Memorial Sloan-Kettering Hospital and helped launched the hospital's Evelyn H Lauder Breast Center. Leonard and his brother Ronald co-founded the Alzheimer's Drug Discovery Foundation in 1998, which has awarded over $209 million to fund trials in 19 countries, according to Forbes. Leonard was also passionate about visual art and was a major collector. He wrote in his memoir, excerpted in ArtNews, that his love of collecting began with postcards, and he ultimately amassed a vintage postcard collection of more than 125,000 items. Then he began collecting posters before jumping to fine art. He wrote, 'I had become interested in modern art back when I was in elementary school. I was crazy about films and two or three times a week, I'd take the subway by myself — kids had an extraordinary amount of freedom in those days — to watch classic movies at the Museum of Modern Art. If I arrived early or had time after the film ended, I would wander through the galleries. I didn't discover Cubism then, but I experienced the great satisfaction of savoring a picture again and again and making it 'mine.' ' He donated some of his collection to the Museum of Fine Arts in Boston and the Newberry Library, and has served as both president and chairman at the Whitney Museum of American Art. In April 2013, he promised his collection of 81 pieces of Cubist art to New York's Metropolitan Museum of Art. The New York Times called it 'a sterling act of philanthropy.' Evelyn died in 2011. Leonard married Judy Ellis Glickman in 2015. Like Leonard, Glickman had also lost a spouse after more than 50 years of marriage. Leonard told The New York Times in 2015, 'We were lucky in that our next chapters' endings and beginnings coincided.' Reflecting on his life and whether he had any regrets, he told Brunswick Group in 2020, 'I can't think of anything that I really regret. Now, could I have done a few things a little bit better? Of course. You can always keep trying to do better. But do I regret anything? Not a bit. Onward!' Leonard is survived by his brother, wife and sons William and Gary, who both celebrated his legacy with statements of their own following his death. "He was the most charitable man I have ever known, believing that art and education belonged to everyone, and championing the fight against diseases such as Alzheimer's and breast cancer," William wrote in part. "Above all, my father was a man who practiced kindness with everyone he met. His impact was enormous." "He was not only well-respected and admired, but he was also adored by his employees and colleagues. This affection stands out for me," wrote Gary, in part. "While we mourn his passing, we also celebrate his extraordinary life, his lasting contributions, and the values he instilled in all of us: integrity, curiosity, and the importance of giving back. He will be missed more than words can express." Read the original article on People
Business Upturn
30-05-2025
- Business
- Business Upturn
Lisa Sequino Appointed President, Makeup Brand Cluster, The Estée Lauder Companies
New York, United States: The Estée Lauder Companies Inc. (NYSE: EL) today announced the appointment of Lisa Sequino as the new President, Makeup Brand Cluster, responsible for leading the strategic direction and global growth of makeup, and overseeing the company's portfolio of makeup brands, including M·A·C, Bobbi Brown, Too Faced, Smashbox and GLAMGLOW. Ms. Sequino will report to Jane Hertzmark Hudis, Executive Vice President, Chief Brand Officer and will be effective in the role as of June 9, 2025. Advertisement This press release features multimedia. View the full release here: A respected leader with more than two decades of experience in the beauty industry, Ms. Sequino returns to The Estée Lauder Companies with a distinctive blend of deep institutional knowledge and proven success as a CEO. In her new role, she will be responsible for accelerating innovation and makeup trends, step-changing consumer recruitment and enhancing local relevance. Her appointment reflects the company's continued investment in strengthening its makeup category and unlocking long-term opportunity. 'We are thrilled to welcome Lisa as the new leader of our makeup cluster,' said Jane Hertzmark Hudis. 'She is a powerful leader with a strong record of driving brand and business results. Her unique combination of strategic and conceptual thinking, entrepreneurial mindset and operational excellence makes her exceptionally well-suited to fast track our makeup cluster into its next phase of growth. Under Lisa's leadership, we are focused on winning with today's makeup consumer across generations, geographies and channels.' With nine years of experience at The Estée Lauder Companies in senior roles across both global and North America businesses, Ms. Sequino's extensive familiarity with the company and its brands will enable her to quickly accelerate momentum across the makeup brand cluster. She served as Senior Vice President and General Manager of Estée Lauder – North America, where she led the go-to-market strategy and execution for the company's flagship brand in its home region. She later advanced to Senior Vice President, Brands – North America, where she oversaw a multi-brand portfolio across skincare, makeup, and fragrance, and was responsible for optimizing brand synergies and accelerating execution across categories and channels in the region. Following her impactful tenure at the company, Ms. Sequino served as CEO of JLo Beauty, Jennifer Lopez's beauty brand, and most recently, was CEO of Supergoop!, where she fostered an indie and digital-first mindset to expand its global footprint. Under her leadership, Supergoop! captured emerging trends to launch innovative products for the brand – including tinted moisturizers, lip balms, and setting powders – that redefined the category for Supergoop! and broadened consumer usage occasions. 'I'm excited to return to The Estée Lauder Companies to help drive the next chapter of growth in the makeup category,' said Lisa Sequino. 'There's tremendous opportunity to reach new makeup consumers globally by accelerating innovation and trends, fast-tracking consumer acquisition across channels, driving digital and social media, and assuring local relevance to win with today's makeup consumer. I look forward to partnering with the incredible teams behind M·A·C, Bobbi Brown, Too Faced, Smashbox, and GLAMGLOW to unlock new opportunities, scale impact, and drive meaningful business results.' Cautionary Note Regarding Forward-Looking Statements Statements in this press release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include those in the various quotations. Although the Company believes that its expectations are based on reasonable assumptions within the bounds of its knowledge of its business and operations, actual results may differ materially from the Company's expectations. Factors that could cause actual results to differ from expectations include the ability to successfully implement the Company's strategy, including Beauty Reimagined and the profit recovery and growth plan; successfully transition its leadership; and those other factors described in the Company's filings with the Securities and Exchange Commission, including its most recent filings with the Securities and Exchange Commission. The Company assumes no responsibility to update forward-looking statements made herein or otherwise. About The Estée Lauder Companies The Estée Lauder Companies Inc. is one of the world's leading manufacturers, marketers, and sellers of quality skin care, makeup, fragrance, and hair care products, and is a steward of luxury and prestige brands globally. The Company's products are sold in approximately 150 countries and territories under brand names including: Estée Lauder, Aramis, Clinique, Lab Series, Origins, M·A·C, La Mer, Bobbi Brown Cosmetics, Aveda, Jo Malone London, Bumble and bumble, Darphin Paris, TOM FORD, Smashbox, AERIN Beauty, Le Labo, Editions de Parfums Frédéric Malle, GLAMGLOW, KILIAN PARIS, Too Faced, the DECIEM family of brands, including The Ordinary and NIOD, and BALMAIN Beauty. View source version on Disclaimer: The above press release comes to you under an arrangement with Business Wire. Business Upturn takes no editorial responsibility for the same.
