Latest / Family Business Stories with Fexingo: Succession, Legacy, and Multi-Generational Companies
How the Lauder Family Kept Estee Lauder Under Family Control
In this episode of Family Business Stories with Fexingo, hosts Lucas and Luna dive into the governance genius behind Estée Lauder Companies. Founded by Estée Lauder in 1946, the beauty giant has remained firmly under family control for nearly 80 years, despite being a publicly traded company. Lucas explains the dual-class stock structure that gives the Lauder family about 86 percent of voting power, and how that structure allowed them to make long-term bets on brands like Aveda and Bobbi Brown. The episode traces the succession from Estée to her son Leonard Lauder, through the third…
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