Lauder R&D
This article was originally published in The Rose Sheet
Executive Summary
The Estee Lauder Companies Innovation Institute opens in Shanghai, China, representing an investment in market-specific research and development in the region, firm announces Nov. 22. The 857-square-meter facility will focus on biological and physical sciences, with researchers studying "the safety and efficacy of topical botanical and synthetic materials and...the genetic basis for differences in the response of human skin to environmental stressors," company says. Institute will work with dermatologists and other research organization on "cutting edge" projects, develop local unique raw materials inspired by traditional Chinese medicine and work with the firm's global R&D group to achieve "tailor made, high quality products for the Asian consumer," firm adds. New facility is the seventh in the company's history and the second largest in Asia, according to Lauder...