Estee Lauder 2008 Annual Report Download - page 5

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Dear Fellow Stockholders:
Every year for the past 62 years, The Estée Lauder Companies has continued to grow. I am
proud to report that thanks to the efforts of our 32,000 dedicated employees, we continued
that trend with excellent fi nancial results in the 2008 fi scal year.
I am often asked how the Company will maintain its growth record as we look forward to the
next era— especially in times as challenging as the present. I believe the answer can be found
in our unparalleled multi-national, multi-channel and multi-brand strategy.
As Chairman of the Company, I am extremely gratifi ed by the progress we have made. We
have grown from just three brands in the 1960s to a dynamic portfolio of 29 cherished brands
today that help women and men look and feel their best. Until 1961, our products were
available on only one continent. Today, we sell our stellar brands in more than 140 countries
and territories. As our consumers ventured out to try other shopping venues, we also expanded
our distribution to match their lifestyles. Our Company’s strength lies in its innovation, ability
to stay fresh and relevant, and unwavering commitment to “Bringing the Best to Everyone
We Touch.”
I applaud the efforts of our Chief Executive Offi cer, William Lauder, and his outstanding
leadership team, to amplify our progress in the years ahead. They are working to ensure that
we continue to exceed consumers’ expectations, that outstanding quality remains the hallmark
of our products and services, and that all of our talented people work together to focus our
resources on achieving new levels of success.
While the challenges of operating a business on a global scale are great, I am confi dent that
our opportunities are even greater, and that we are well positioned to make the most of
those opportunities.
As always, your support of our Company, our brands and our leadership is greatly appreciated.
Sincerely,
Leonard A. Lauder
Chairman
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CHAIRMAN’S MESSAGE