Stock price Estee Lauder Companies (EL) today

Estee Lauder Companies Inc. is an American manufacturer of cosmetics and perfumes. The company owns a significant portfolio of diverse brands distributed worldwide through both digital commerce and retail channels.

Founded in 1946 by Esther Lauder and her husband Joseph, at that time the company's product range consisted of only 4 items. Over the next 15 years, the company expanded its assortment and expanded the sale of its products to all states. In 1960, the company began selling its products at London's Harrods department store. An office was opened in Hong Kong the following year.

In 1968, the famous Clinique line was launched. In the 90s, the company began to acquire other brands and became public in 1995. In the same year, Bobbi Brown and La Mer were acquired, in 1998 - MAC Cosmetics, in 1999 - Jo Malone London. Bumble & bumble was purchased in 2006, and Smashbox Beauty Cosmetics, Inc. in 2010. Also, the famous Tom Ford began to cooperate with the company. In 2016, Too Faced cosmetics company was bought for $ 1.45 billion.