September 20, 2014 10:33 AM ET

Personal Products

Company Overview of Estee Lauder Inc.

Company Overview

Estee Lauder Inc. provides skincare, makeup, and fragrance products. Its skin care products include cleansers/toners, makeup removers, masks/exfoliators, moisturizers, and problem solvers, eye care, hand and body, repair, sensitive skin, and sun/sunless products. The company’s makeup products comprise face products, such as blushes, bronzers, compacts, concealers, foundations, and powders; brows, eyeliners, eye shadows, and mascaras for eyes; lip glosses and pencils, and lipsticks; and brushes and tools, nail lacquers, refills, sets/gifts, and foundation finders. It offers its products worldwide; and through department and specialty stores, as well as online in the United States. The company...

767 Fifth Avenue

New York, NY 10153

United States

Founded in 1946

Phone:

212-572-4200

Fax:

212-572-3941

Key Executives for Estee Lauder Inc.

Creative Consultant
Age: 44
Compensation as of Fiscal Year 2014.

Estee Lauder Inc. Key Developments

The U.S. District Court for the Northern District of Illinois Dismisses a Cause of Action Under the Illinois Consumer Fraud and Deceptive Practices Act Against the Estée Lauder Companies Inc., Estee Lauder Inc. and Origins Natural Resources, Inc

The U.S. District Court for the Northern District of Illinois dismissed a cause of action under the Illinois Consumer Fraud and Deceptive Practices Act against the manufacturer of a cosmetic product, finding the consumer did not plead with particularity how the manufacturer's wrinkle repair claims were false. The Estée Lauder Companies Inc., Estee Lauder Inc. and Origins Natural Resources Inc. (collectively, Origins) manufactures, markets and sells cosmetic products. In 2011, Origins launched a line of antiaging products called Origins Plantscription Anti-aging Serum. The marketing for the new line included statements that the serum had 88% of the visible wrinkle-reducing power of a prescription, was clinically proven to visibly reduce signs of aging in "just 4 weeks" and made skin "clinically firmer and smoother" (collectively, wrinkle-repair claims). Donna Greifenstein purchased the serum in September or October 2012 from Macy's for approximately $55 after seeing an advertisement for the product. Allegations for deceptive act element of claim are deficient. Greifenstein sued Origins alleging they fraudulently misrepresented the wrinkle-reducing capabilities of the serum. Origins moved to dismiss for failure to state a claim. The district court determined that dismissal was appropriate because the complaint did not plead how Origins' advertising claims were false. Greifenstein contended that the wrinkle repair claims had no "competent clinical evidence" to support them. The complaint however contained the allegation that Origins collaborated with the University of Strasbourg to test the serum. The district court found the mere existence of the study defeated Greifenstein's theory that the wrinkle repair claims lacked substantiation. Greifenstein's dissatisfaction with Origins' testing methods did not compel a different finding. To support her second theory of falsity, Greifenstein claimed there was in fact clinical evidence that the serumdid not have the advertised benefits. The district court noted the complaint did not specifically identify the clinical studies to which Greifenstein referred. Greifenstein's complaint did not satisfy the heightened pleading standard of Fed. R. Civ. P. 9(b). The district court granted leave to amend the complaint.

Estee Lauder Inc. Plans to Open More Stores Across Region

Estee Lauder Inc. plans to hire thousands more staff over the next seven years in Asia as it opens many more stores across the region.

Similar Private Companies By Industry

Company Name Region
Bioceptive, Inc. United States
H.I.S. Juveniles, Inc. United States
Bio-Engineered Supplements and Nutrition, Inc. United States
Botanical Laboratories, Inc. United States
IVC Industries, Inc. United States

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Bertelsmann AG Europe
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Rush University United States
Citizens Budget Commission United States

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact Estee Lauder Inc., please visit www.esteelauder.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.