Word: lauders
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Dates: during 2000-2009
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...France. And established names like Valentino are diving into such emerging markets as India. Last month the Gucci Group was rumored to be eyeing the London-based Alice Temperley label. Next thing you know, parent company PPR will be purchasing Italian jeweler Bulgari. Beauty conglomerates like Estée Lauder and L'Oréal are once again hunting for acquisitions, armed with multimillion-dollar checkbooks...
...explosion of the tabloid press and the Internet has made the general public kind of insatiable" when it comes to celebrities, says John Demsey, president of Estée Lauder. "People want a sense of familiarity with the people they look up to these days...
...answer is yes. She is worth it if she connects to what the brand is about," says Demsey, citing Lauder's relationship with Gwyneth Paltrow (who signed with the brand in 2005 for several million) as an example of a good fit. "But there is something that happens. It commoditizes things when everything looks the same. They lose their uniqueness. That's why the selection of the celebrity and how they're presented make such a difference...
...million Amount paid by cosmetics tycoon Ronald Lauder for Gustav Klimt's 1907 portrait Adele Bloch-Bauer I?the highest price ever paid for a painting $104 million Price paid in 2004 for Picasso's 1905 Boy With a Pipe, the previous record holder
...record-breaking sale of a Rembranbt for $2.3 million caused a stir in 1961, but adjusted for inflation, that's only $15.6 million today. Only? Makeup mogul Ronald Lauder last week paid $135 mil for this glittering Klimt, setting a new all-time high for a painting. Here's a gallery of other works that have held the title...