Joseph Lauder and wife Estée Lauder began producing cosmetics in New York in 1946. At first the company only offered four products.
The next year Estée Lauder established its first department store account with Saks Fifth Avenue.
Over the next fifteen years the company expanded nationally, and in 1960 it expanded to London with a partnership with Harrod’s. In 1962 Estée Lauder expanded internationally again, this time to Hong Kong. In 1981 the company’s products became available in the Soviet Union.
In 2013 Estée Lauder reached $10 billion in sales for the first time.
Today Estée Lauder has a total of 27 brands, including Aveda, Bobbi Brown, Donna Karan, Kate Spade, M-A-C, Origins, Tommy Hilfiger, Michael Kors, and Sean Jean Fragrances. The company continues to be controlled by the Lauder family, which controls 70% of voting shares.
Estée Lauder has 46.000 employees and had almost $11 billion in revenue in 2014.