Cosmetics magnate Estee Lauder dies

The cosmetics magnate Estee Lauder has died in Manhattan, it was announced last night.

The cosmetics magnate Estee Lauder has died in Manhattan, it was announced last night.

Ms Lauder, who was thought to be 97, took a family recipe for skin cream and a passion for female beauty and turned them into a $10 billion cosmetics empire based on the promise was of youthful beauty, radiance and refinement - and the myth was that they could last forever.

"Youth Dew", introduced as a bath oil in 1953, capitalised on the self-created Lauder image - the Palm Beach society matron, lounging by the pool, socialising with the elite.

That image turned a modest skin-care line into one of the world's leading cosmetics empires and made Ms Lauder, who died on Saturday, one of America's leading philanthropists.

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A shrewd businesswoman, she introduced the three-minute beauty counter makeover aimed at busy professional women. She was known for handing out generous samples and introducing a "gift with purchase" marketing strategy that left women feeling they had got something for nothing.

The company she established in 1946, Estee Lauder, is worth about $10 billion and has remained in family hands.