Balenciaga Leaves Twitter and Estée Lauder Acquires Tom Ford in This Week’s Top Fashion News
Estee Lauder
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Estée Lauder was a pioneering woman with one message: that “every woman can be beautiful.” With this philosophy, she changed the cosmetics industry with a company that started with just four products. In 1953, Lauder developed a way for women to buy perfume for themselves, rather than receiving it as a gift. It was called Youth-Dew, and this has shaped the industry as we know it today. Today, the conglomerate has a portfolio comprising 27 brands, including Tom Ford Beauty, Le Labo, La Mer and MAC.
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The beauty conglomerate is expected to tap other partners to help with the fashion and accessories side.
Coming as the label celebrates its 10th anniversary.
Less surprisingly, LVMH, Kering and Estée Lauder are the industry’s biggest earners.
Costing them roughly the same as a “big influencer.”
Topping the list which also sees Kering, Chanel, Swatch and more.
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