In Brief: Estee Lauder Companies
This article was originally published in The Rose Sheet
Executive Summary
Estee Lauder Companies: Forms joint venture with entrepreneur Herbert Frommen of Wiesbaden, Germany to focus on the "development of fragrances for international opportunities," Lauder announced Jan. 15. Lauder holds a majority stake in the new company, which has not yet been named. According to Estee Lauder Companies President Fred Langhammer, the company is working with Lauder's international Aramis division to launch Lauder's first men's fragrance into German-speaking countries in June or July...