The Estée Lauder Companies Inc. is primarily controlled by the Lauder family, although it is a publicly traded company with various shareholders.
Ownership Structure of Estée Lauder Companies
Based on recent information, the Lauder family holds significant ownership and control over The Estée Lauder Companies Inc.
Here's a breakdown of their ownership profile:
- Common Stock Ownership: The Lauder family owns approximately 38% of the total common shares.
- Voting Power: The family holds about 86% of the total voting power.
This substantial difference between common stock ownership and voting power is due to the company's dual-class share structure:
- Class A Shares: Each Class A share holds one vote.
- Class B Shares: Each Class B share holds 10 votes.
The Lauder family predominantly holds the Class B shares, granting them majority voting control despite owning less than half of the total common stock. This structure ensures the family maintains strategic direction and control over the company founded by Estée Lauder.
While the Lauder family holds controlling interest, as a publicly traded entity, other institutional and individual investors also own shares in The Estée Lauder Companies.
