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Estee Lauder's new chairman will be Leonard Lauder as company goes public.

This article was originally published in The Rose Sheet

Executive Summary

ESTEE LAUDER FY 1995 U.S. SALES RISE 10.4% TO $1.54 BIL., according to the preliminary prospectus for an initial public offering filed by Estee Lauder on Sept. 21. Worldwide Estee Lauder sales advanced 12.5% to $2.9 bil. for the 12-month period ended June 30, 1995. Skin care sales represent 41.9% ($1.22 bil.) of worldwide sales. Makeup constitutes 34.6% of consolidated sales while fragrances generate 23.5% of sales. Estee Lauder hopes to raise $335 mil. from the stock offering.
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