Estee Lauder Mission Statement Summary

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Estee Lauder Inc is a manufacturer of a high end cosmetics which include skincare, hair, makeup and fragrance products that are sold world-wide and recognized in over 120 countries. The company began in 1946 with Josephine Esther Mentzer and her husband Joseph Lauder, in New York City with no more than a handful of skin care products to sell. A couple of years later, after their launch with Saks Fifth Ave, they started to expand and introduce their products to different countries. Year by year they made an established, recognized brand, and it grew to be one of the largest cosmetic companies in the world. Estee Lauder 's mission statement details the company 's outlook on their future "Bringing the best to everyone we touch and by 'the best ', we mean the best products, the best people and the best ideas. These three pillars have been the hallmarks of our Company since it was founded by Mrs. Estee Lauder in 1946. They remain the foundation upon which we continue to build our success today" (EsteeLauder.com, n.d). Sixty eight years later, Estee Lauder is a Fortune 500 company, a prestigious leader in the cosmetic world and owns thirty exceedingly successful companies world-wide.

Stock Split history:
A stock split increases the number of current shares for the company. Estee Lauder Inc has had two stock splits which occurred thirteen years apart. Both splits were two for one, meaning each share owned became two shares. The first one took place on June 3rd, 1999 and the

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