Leonard Lauder, Estée Lauder's Honorary Chairman, Passes Away
Creatrip Team
a year ago
Leonard Lauder, honorary chairman of the cosmetics company Estée Lauder, has passed away at the age of 92. Lauder significantly expanded the company, increasing its annual sales from $800,000 in the 1950s to $7.3 billion by 2009, with the acquisition or launch of brands like MAC Cosmetics and Bobbi Brown. He also developed the 'Lipstick Index,' noting increased lipstick sales during economic downturns, as consumers buy affordable luxury items. Lauder was known for his philanthropic efforts, including founding a foundation for Alzheimer’s research, a disease his mother suffered from.
