Estée Lauder history

Steve Jobs was born in 1955 and raised by adoptive parents in Cupertino, California.

The company’s annual revenues reached $800,000 in 1957.

In 1958, twenty-four-year-old Leonard Lauder joined the company full-time, after learning management and leadership skills at Wharton, at Columbia University’s Graduate Business School, and in the navy.

Amway history, profile and corporate video Jay Van Andel and Richard DeVos, a pair of direct sales veterans, launched Amway in 1959.

In 1964 the company introduced Aramis, a trendsetting male fragrance blended from citrus, herbs, and spice to evoke a woodsy scent.

Clinique's first national exposure had come via an interview between Vogue veteran Carol Phillips and dermatologist Norman Orentreich entitled "Can Great Skin Be Created?" The article, published in the August 15, 1967, edition of Vogue, elicited outstanding reader response.

Estée balked, but finally relented, and in 1968 introduced the “Clinique” line.

Moreover, in 1971, model Karen Graham began portraying the serene, elegant "Estée Lauder look," a role she would fulfill for 15 years.

After 12 years with the company, the founders' oldest son Leonard was named president of Estée Lauder Inc. in 1972.

Back in Silicon Valley in the autumn of 1974, Jobs reconnected with Stephen Wozniak, a former high school friend who was working for the Hewlett-Packard Company.

While still formidable, Revlon no longer had the guidance of its leader, Charles Revson, who died in 1975.

In 1976 he helped launch Apple.

Hosting a dinner party for Princess Grace of Monaco at Estée's townhouse, 1978

A new skin care line in the style of an upscale Clinique was introduced in 1979.

JHL, named after Joseph Lauder, was introduced in 1982 and, like other Lauder products, was marketed as a more expensive and upscale fragrance.

Husband Joe died at age eighty in 1983; for months afterward, grieving Estée was unable to work, probably for the first time in her life.

He would later be renowned for his insistence that the Macintosh be not merely great but “insanely great.” In January 1984 Jobs himself introduced the Macintosh in a brilliantly choreographed demonstration that was the centrepiece of an extraordinary publicity campaign.

But Jobs’s apparent failure to correct the problem quickly led to tensions in the company, and in 1985 Sculley convinced Apple’s board of directors to remove the company’s famous cofounder.

Meanwhile, in 1986 Jobs acquired a controlling interest in Pixar, a computer graphics firm that had been founded as a division of Lucasfilm Ltd., the production company of Hollywood movie director George Lucas.

Leonard Lauder was quoted in the January 12, 1990, Women's Wear Daily as commenting that "Calvin told me, 'No matter what you've heard about her, she's ten times better'."

In January 1992 Daniel J. Brestle, the president of Prescriptives who had brought that division from a shaky start to $70 million in sales, was named president of Clinique Laboratories USA. The founders' two sons, Leonard and Ronald, continued to play active roles in the executive lineup.

In 1993 the company entered into its first licensing venture, signing an exclusive global licensing deal with fashion designer Tommy Hilfiger.

Over the following decade Jobs built Pixar into a major animation studio that, among other achievements, produced the first full-length feature film to be completely computer-animated, Toy Story, in 1995.

For the fiscal year ending in June 1996 Estée Lauder posted profits of $160.4 million on sales of $3.19 billion, healthy increases over the previous year's figures of $121.2 million and $2.9 billion.

In late 1997 the company returned to the acquisition arena, snapping up Sassaby Inc. and Aveda Corporation.

To support its brands, Estée Lauder continued to spend massive sums on advertising and promotion, $1.03 billion in fiscal 1998 alone, a figure representing more than 28 percent of sales.

Prior to the 1997 acquisitions, it had appeared that Estée Lauder was in danger of losing market share because of its near-exclusive focus on the department store channel--a channel that was seeing increasing numbers of customers defect to mass marketers and other outlets. It also seemed certain that the company would continue to seek out strategic acquisition targets, such as Stila Cosmetics, Inc., a fast-growing upscale cosmetics company, the acquisition of which was proposed in 1999.

According to Forbes, it is considered one of the top 2000 largest public companies in the world.

In 2003 Jobs was diagnosed with a rare form of pancreatic cancer, and the following year he underwent a major reconstructive surgery known as the Whipple operation.

Mrs Estée Lauder passed away in 2004 at the handsome age of 97 and the company still very much has the Lauder blood running through it: her son, Leonard, took over at the helm, grandson William is the executive chairman and two granddaughters also hold senior positions.

He eventually sold the studio to the Disney Company in 2006.

In August 2011 he resigned as CEO of Apple, and two months later, at age 56, he died.

In fiscal 2017, the Estée Lauder Companies generated revenue of $11.8 billion, still 42 percent through the department stores that Estée first pioneered.