(Estée Lauder Companies)

Former Estée Lauder CEO Leonard A. Lauder passes away, leaving transformative beauty legacy

The longtime executive helped shape Estée Lauder into a global beauty leader with brand-defining deals and vision.

6/16/25 12:56PM

Longtime Estée Lauder Chairman Emeritus Leonard A. Lauder has passed away after more than 60 years with the company.

Leonard was the eldest son of Estée and Joseph H. Lauder, the founders of The Estée Lauder Companies. He officially joined the business in 1958, played a key role in its expansion, and was pivotal in the company’s transformation into a global beauty empire. He served as president from 1972 to 1995, CEO from 1982 to 1999, and chairman from 1995 through 2009.

In addition to establishing the company’s first research and development lab, Lauder was instrumental in acquiring some of the most recognizable names in beauty, including Aveda, Bobbi Brown, La Mer, and MAC Cosmetics.

Estée Lauder shares rose more than 10% Monday and is now flat on the year.

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eBay stock slumps on gloomy Q4 outlook despite solid Q3 earnings

Shares of eBay fell as much as 10.5% in premarket trading on Thursday morning after the company gave a lower-than-expected profit forecast for the important holiday shopping season.

The e-commerce giant reported solid numbers for the third quarter on Wednesday, with revenue up 9% as reported to $2.8 billion and gross merchandise volume rising 10% to $20.1 billion, topping the average analyst forecast of $19.4 billion, per Bloomberg.

However, concerns about the future somewhat overshadowed these results.

eBay outlined its profit outlook for the period ending in December to $1.31 to $1.36 a share, with revenue at $2.83 billion to $2.89 billion. According to Bloomberg-compiled data, this broadly matches Wall Street’s estimates for the top line, but misses on the bottom line, with analysts forecasting EPS to come in at $1.39 — suggesting the company expects some further margin pressure.

The company has been facing macroeconomic challenges since the US ended the de minimis tariff exemption in late August, with the online marketplace reliant on shipments. One small silver lining? CFO Peggy Alford highlighted a “less durable trend” on a post-earnings call: that as commodity prices for precious metals boomed, demand for bullion and collectible coins on eBay spiked.