Estee Lauder : Company Update Regarding Invasion in Ukraine and ELC’s Business in Russia
March 07, 2022 at 09:31 pm EST
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The Estée Lauder Companies continues to be devastated by the tragic invasion of Ukraine. We stand with all those that are suffering, including our employees and their families and the people of Ukraine. The company continues to take significant steps to support the safety of our employees in Ukraine, including the continuance of all compensation, maintenance of regular communication, as well as offering relocation assistance for those who choose that measure of support. Additionally, The Estée Lauder Companies Charitable Foundation (ELCCF) has already committed $1 million in support of relief efforts in Ukraine and the company will be donating ELC products to those displaced and in need. ELC Good Works, our employee charitable matching gifts program, will double match eligible employee donations to various disaster relief nonprofits year-round, including organizations already active in Ukraine and in neighboring countries.
Further, after having already suspended The Estée Lauder Companies' business investments and initiatives in Russia last week, we have also decided to suspend all commercial activity in Russia, including closing every store we own and operate, as well as our brand sites and shipments to any of our retailers in Russia. Our top priority remains the safety of all our employees and we have decided to continue to provide compensation and support to our employees in Russia at this time.
We will continue to monitor this tragedy and take actions consistent with our company values.
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The Estée Lauder Companies Inc. published this content on 07 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 March 2022 02:30:05 UTC.
The Estée Lauder Companies Inc. is one of the 1st world cosmetics groups. Products are sold under brands (Estée Lauder, Aramis, Clinique, Lab Series, Origins, M·A·C, Bobbi Brown, La Mer, Aveda, Jo Malone London, Bumble and bumble, Darphin, Smashbox, Le Labo, Editions de Parfums Frédéric Malle, GLAMGLOW, Kilian Paris, Too Faced, Dr. Jart+, DECIEM and The Ordinary) and under brands of licenses (Tommy Hilfiger, Donna Karan New York, DKNY, Michael Kors, Tom Ford, Dr. Andrew Weil, Ermenegildo Zegna and AERIN). Net sales break down by family of products as follows:
- skin care products (58.4%);
- make-up products (25.9%);
- perfumes (11.9%);
- hair care products (3.5%);
- other (0.3%).
At the end of June 2021, products are marketed through about 1,600 outlets worldwide, distributed between large stores, perfume shops, pharmacies, beauty institutes and exclusive shops, and via Internet.
The group has 10 production sites worldwide.
Net sales are distributed geographically as follows: Americas (23.4%), Europe/Middle East/Africa (42.8%) and Asia/Pacific (33.8%).
ESTEE LAUDER 
