Estée Lauder Invests in Chinese
State-of-the-Art Research Facility
l CHINA: The Estée Lauder Companies announced the opening of its new research facility, The Estée Lauder Companies Innovation Institute, located in Shanghai, China. The Institute will focus on biological and physical sciences. Its scientists will study the safety and efficacy of topical botanical and synthetic materials and explore the genetic basis for differences in the response of human skin to environmental stressors. Harvey Gedeon, executive vice president of research and development, and Cedric Prouve, group president of the international division, traveled to Shanghai to attend the official inauguration.
“We are a global company that understands the importance of acting locally. With eight of our brands (Estée Lauder, Clinique, MAC, La Mer, Bobbi Brown, Aramis, Tommy Hilfiger Toiletries and Donna Karan) in at least 25 locations in China, investing in market-specific R&D was the next logical step for us,” stated William Lauder, president and CEO, The Estée Lauder Companies.