The Estee Lauder Companies Inc. 2007 Annual Report
Intro
Portfolio of Brands
Chairmans Message
Chief Executives Review
Product Categories
Board of Directors
Officers
Financials
Stockholder Information
Environmental Profile
Form 10-K
BUMBLE AND BUMBLE
Majority interest acquired in 2000; full purchase completed in September 2006. Sold in more than 15 countries and territories. A New York-based hair care and education company with two salons that creates high-quality hair care and styling products distributed through other top-tier salons and select prestige retailers. Bb. University provides business and design education to the Bumble and bumble network of independent salons. Select products include: Gentle Shampoo, Super Rich Conditioner, Crème de Coco Shampoo and Conditioner, Thickening Spray, Brilliantine, Styling and Tonic Lotions, Sumo Tech moulding compound, Grooming Creme, Surf Spray, Bb. Shine Spray and Hair Powder, which comes in five custom colors.

MICHAEL KORS BEAUTY
Exclusive global license agreement signed and certain assets acquired in 2003. Sold in more than 20 countries and territories. The designer's signature scent, Michael Kors, is a modern interpretation of the classic Tuberose. Select products include: A Modern Perfume, a chic Eau de Toilette and innovative Leg Shine. Since the launch of Island Michael Kors in 2005, the designer has introduced limited-edition island destination fragrances including Island Michael Kors Fiji (2006) and Island Michael Kors Hawaii (2007).

DARPHIN
Acquired in 2003. Sold in more than 50 countries and territories. A well-established, Paris-based brand offering prestige skin care, makeup and spa-inspired body products created from the finest plant extracts and botanical aromas. Sold in independent European pharmacies and spas. Select products: Tangerine Aromatic Care, Arovita C Line Response Firming Serum, Stimulskin Plus Eye Contour Cream, Predermine Cream, Aromatic Purifying Balm, Denblan whitening toothpaste and Volume Shampoo.

AMERICAN BEAUTY
Introduced in 2004. Sold in the United States. American Beauty is a luxurious cosmetics, skin care and fragrance brand that celebrates the beauty of American style. American Beauty is available at Kohl's Department Stores nationwide and online at kohls.com. Select products: Wonderful Perfume Spray, Beauty Boost Overnight Radiance Cream, All is Forgiven Skin Repair Concentrate, Luxury for Lids Eyeshadow Duo and Enduring Beauty Longwear Lipcolor.

FLIRT!
Introduced in 2004. Sold in the United States. FLIRT! is a makeup line with more than 250 shades to play with that is creatively driven by pop culture and celebrity guest creators. Products are housed in innovative, color-matched packaging for easy shade selection. FLIRT! is available at Kohl's Department Stores nationwide and online at kohls.com. Select products: Dreamy Eyes Eyeshadow, Plushious Liquid Velvet Lipcolor, Far Out Lengthening Mascara and Flirtatious! Perfume Spray.

GOOD SKIN
Introduced in 2004. Sold in the United States. Good Skin is a dermatologist-formulated, fragrance-free skin care brand with simple, color-coded packages that allow for self-diagnosis by skin concern. Good Skin is available at Kohl's Department Stores nationwide and online at kohls.com. Select products: Tri-Aktiline Instant Deep Wrinkle Filler, All Bright 2 Step Facial Peel Pads, Microcrystal Skin Refinisher, Instant Lightening Eye Cream, All Firm Rebuilding Serum, All Calm Moisture Cream and All Firm Makeup.

GRASSROOTS
Introduced in 2005. Sold in the United States. Grassroots is a line of naturally-sourced products blended from pure essential oils. Grassroots has product categories for face, body, hair, post-pregnancy, babies and even pets. Grassroots is available at Kohl's Department Stores nationwide and online at kohls.com. Select products: Happily Ever After Scent, Happily Ever After Moisture Cream SPF 15, While You Were Sleeping Overnight Moisture Lotion, In Perfect Condition Deeply Moisturizing Conditioner, Time To Shine Shampoo and Conditioner, and In Good Hands Comforting Hand Cream.

SEAN JOHN FRAGRANCES
Exclusive global license agreement signed in 2005. Sold more than 25 countries and territories. Unforgivable is a premium luxury fragrance that catapulted to immediate success in the United States and around the world. Along with its bath and body collection, Unforgivable reflects the impeccable taste, sophistication, style and belief that "life without passion is Unforgivable" epitomized by multi-media mogul Sean "Diddy" Combs. Select products: Unforgivable, Unforgivable Multi-Platinum, ancillary products including Shower Gel, Deodorant Stick, After Shave and After Shave Balm.

MISSONI PROFUMI
Exclusive global licensing agreement with Missoni signed in 2005. Sold in North America, Australia, Italy, the United Kingdom, Russia, Greece and South Africa. Missoni, the Milan-based fashion house, is celebrated for its vibrant knitwear and engaging graphic designs. After more than 50 years in the fashion business, the Italian knitwear company launched Missoni, an Italian fragrance for women, in Spring 2006, followed by its second fragrance, Missoni acqua in Summer 2007. Select products: Missoni Eau de Parfum, Eau de Toilette, Parfum, Body Lotion and Shower Gel, Face Highlighter Compact and Missoni acqua Eau de Toilette and Body Lotion.

DAISY FUENTES
Introduced in 2006. Sold in the United States. Daisy Fuentes launched with Dianoche Eau de Parfum, her first fragrance. Dianoche offers a fragrance package with two different fragrances in one bottle. A warm and alluring daytime fragrance is complemented by a sexy and mysterious fragrance for night. Dianoche was followed by Daisy's second fragrance, So Luxurious, launched in July 2007. Daisy Fuentes is available at Kohl's Department Stores nationwide and online at kohls.com. Other select products: Dianoche Body Shimmer All-Over Moisturizing Lotion and Dianoche Firming Body Cream.

TOM FORD BEAUTY
Exclusive global license agreement signed in 2005. Sold in 16 countries and select travel retail locations. In November 2006, Tom Ford introduced Tom Ford Black Orchid, his first women's fragrance and the first entry in the Tom Ford Beauty collection. Tom Ford Black Orchid evokes the timeless luxury and worldly glamour reminiscent of classic fragrances from the most elegant fragrance houses. Following the launch of his first scent, Tom Ford also introduced Private Blend, an exclusive line of 12 unisex fragrances, as well as an ancillary collection to complement the Black Orchid scent. Select products: Tom Ford Black Orchid Eau de Parfum, Tom Ford Black Orchid Perfume, Private Blend Collection, Tom Ford Black Orchid Ancillary Collection including Luminous Hair Perfume, Hydrating Emulsion, Cleansing Oil and Finishing Oil.

MUSTANG
Exclusive license agreement signed in 2006. Sold in the United States and Canada. The Mustang fragrance exemplifies the allure of the Mustang man: bold, daring and legendary. Mustang infuses a blend of warm ingredients, including amber, cedar wood and patchouli, into a dynamic signature scent. Select products: Mustang Cologne Spray and After-Shave.

COACH
Introduced in 2007, the first fragrance from Coach embodies the many personalities of the Coach woman, timeless, chic and sophisticated. The Coach fragrance is available exclusively at Coach-based boutiques nationwide. Select products: 1.7 oz Perfume Spray, Purse Spray and Solid Perfume.