Who Is The Owner Of Mac Cosmetics?
The owner of Mac Cosmetics offers a wide range of products suitable for both men and women. We all know Mac is an official makeup brand that is often used to do the makeup of movie stars. The most popular and loved products by Mac are Studio Fix Fluid and Ruby Woo Lipstick. Women used to stand in line for hours to get their hands on Mac Cosmetics products. In today’s post, I will tell you who owns Mac Cosmetics including Mac Cosmetics’ history.
Who Is The Owner Of Mac Cosmetics?
The owner of Mac Cosmetics is the parent organization Estee Lauder Companies. Estee Lauder Companies is an American multinational cosmetics company. It’s a manufacturer and marketer of makeup, skincare, fragrance as well as hair products. Mac Cosmetics is a well-known Canadian cosmetics manufacturer that was founded by Frank Toskan and Frank Angelo.
You can keep on reading further to know more about the current owner of Mac Cosmetics.
About The Owner Of Mac Cosmetics
The owner of Mac Cosmetics owns a diverse portfolio of brands like La Mer, Jo Malone London, Clinique, and Tom Ford Beauty. This company was started in 1948 when Estee Lauder and her husband Joseph just started producing cosmetics in New York. The couple produced only four products; cleansing oil, skin lotion, super rich all-purpose creme, and a creme pack.
Many people among us don’t even know what does Mac stand for makeup. Well, M.A.C Cosmetics’ full form is Make-Up Art Cosmetics. In the 1990s, the brand had more than 100 stores worldwide. For Frank Toskan and Frank Angelo, it was very tough to develop the brand and adapt the product lines to each continent. So, Estee Lauder Companies took control of 51% of the shares of MAC Cosmetics in 1994.
The co-founder Frank Angelo died of cardiac arrest at the age of 49. In 1998, Estee Lauder Inc. completed the acquisition. Soon Frank Toskan sold his remaining shares before leaving the company at the end of the same year. Now, Mac Cosmetics is one of the top three global makeup brands. It has an annual turnover of $1 billion and there are 500 independent stores.
In 1994, the Mac AIDS Fund was established to support men, women, and children affected by HIV/AIDS. This fund has raised over $400 million through the sale of Mac products like lipsticks and lip glosses. 100% of the sale was donated to fight HIV/AIDS. However, the Viva Glam products by Mac have been best-seller for Mac Cosmetics.
However, Mac Cosmetics’ net worth currently is about $2.5 billion. Saweetie often used to work on a fast food collaboration with McDonald’s. Surprisingly, she landed in the world of makeup and became a viral sensation! Saweetie is Mac Cosmetics’ brand ambassador who is a well-known American rapper. Saweeti’s real name is Diamonte Quiava Valentin Harper and is often recognized as a leader of the female rap renaissance.
Now, you must be wondering how to become an owner of a Mac Cosmetics distributor. For this, you have to download and complete a Mac Pro membership application. As per reports, the cost of a one-year membership is $35 and $65 for two years respectively. You can also consider beauty schools for an additional discount.
Visit Ownersites and get Information about such big owners.
FAQ
What Is The MAC Cosmetics Controversy?
M.A.C Cosmetics has caused controversy amongst its fans following the launch of its collaboration with video games Sims, with consumers voicing disappointment that the brand launched colours from an old palette, according to The Metro.
When Was MAC Cosmetics Founded?
1984, Toronto, Canada
In 1984, beauty salon owner Frank Angelo and photographer Frank Toskan created M.A.C. cosmetics in their kitchens to fulfill their professional makeup needs. They decided to package their products in black pots instead of compacts, and that quickly became the company’s signature.
Does Bill Gates Use Mac?
Bill Gates has said many times that he prefers Android over iPhone, and that apparently hasn’t changed. In a recent “Ask Me Anything” on Reddit, the Microsoft co-founder revealed that he unsurprisingly hasn’t made the switch to an iPhone nor does he use an iPad, Mac, or Microsoft Surface Duo.
Is MAC Owned By Sephora?
Owned by LVMH, which also owns the Sephora stores. Clinique, Too Faced, Bobbi Brown, Becca, MAC, Estee Lauder, Tom Ford, GlamGlow, Smashbox? Owned by Estee Lauder.
Conclusion
By reading the above post, you got to know who is the owner of Mac Cosmetics. Estee Lauder Companies is the owner of this cosmetics line. You must be surprised to know that Estee Lauder Company is the second largest cosmetics company in the world after L’Oreal.
Mac Cosmetics’ brand identity stands strong by its mission; “All Races, All Sexes, All Ages”. Thus, the owner of Mac Cosmetics distributed several products internationally through both digital commerce and retail channels.
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