The Estée Lauder Companies Inc.

The Estée Lauder Companies Inc. (NYSE: EL) is a global leader in prestige beauty, manufacturing and marketing skin care, makeup, fragrance and hair care products. Founded in 1946 by Estée Lauder and her husband Joseph, the company has grown to become one of the world's leading manufacturers and marketers of quality skin care, makeup, fragrance and hair care products.

Estée Lauder's product portfolio includes over 25 prestigious brands sold in approximately 150 countries and territories. Key brands include:

• Estée Lauder

• Clinique

• M·A·C

• La Mer

• Bobbi Brown

• Jo Malone London

• Aveda

The company operates through multiple channels including department stores, specialty multi-brand retailers, upscale perfumeries, pharmacies, and travel retail. ecommerce and company-owned freestanding retail stores are also important and growing distribution channels. In fiscal year 2023, Estée Lauder reported net sales of USD 15.9 billion.

Estée Lauder continues to invest in innovation and digital capabilities to drive growth. The company has expanded its use of artificial intelligence and machine learning across various areas of the business. In April 2024, Estée Lauder announced an expanded collaboration with Microsoft to create an AI Innovation Lab, leveraging generative AI to develop closer consumer connections and increase speed to market. The company is also partnering with Google Cloud to utilize generative AI for consumer sentiment analysis and personalized experiences.