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          Leonard Lauder

          American businessman
          Date of Birth: 19.03.1933
          Country: USA

          Content:
          1. American businessman Leonard Lauder
          2. The Lipstick Index
          3. Early Life and Education
          4. Philanthropy and Art Collecting
          5. Supporting Gotham Book Mart

          American businessman Leonard Lauder

          Leonard Lauder is an American businessman and the honorary chairman of The Estée Lauder Companies Inc.

          He served as the CEO of the family business until 1999.

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          6. Today, Estée Lauder controls several prominent brands in the cosmetics industry, including Estée Lauder, Clinique, MAC Cosmetics, Aveda, Bobbi Brown, and La Mer.

          The Lipstick Index

          In 2001, Leonard Lauder introduced the concept of the "lipstick index," an economic indicator that, according to him, signaled a crisis and predicted an economic downturn.

          Lauder claimed that when lipstick sales increase, women compensate by cutting back on more expensive purchases such as clothing, shoes, and jewelry. However, the lipstick index was later discredi