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Proceeds from secondary offering will help settle obligations related to Leonard A. Lauder’s estate.
November 5, 2025
By: Christine Esposito
Editor-in-Chief
Trusts affiliated with descendants of Leonard A. Lauder are selling 11.3 million shares of Class A common stock of The Estée Lauder Companies (ELC). The selling stockholders will receive all of the proceeds from the offering; they intend to use the funds to assist with the settlement of Lauder’s estate, including to satisfy certain estate obligations, namely estate taxes, debts and administration expenses. Leonard A. Lauder died in June at the age of 92 after serving as president and CEO o...
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