How Bad Can it Get? Even Estee Lauder Canceled Their Holiday Party.

Nov 21, 2008 07:36

This is a real shocker. The lipstick index is a widely understood phenomenon. During an economic downturn makeup sales go up. The beauty industry was my life raft during the last recession. Looks like there is no where to run and hide.

For those who don't want to read through the entire article here is the letter:

Dear Friends,

Many of you have been asking us about The Estée Lauder Companies Holiday press party this year. After much thought and consideration, we have decided that, at this moment in time, it is more appropriate to thank you and celebrate in another way. To express our gratitude for your support and to recognize our invaluable, deep relationships, The Estée Lauder Companies will be making a donation in your honor to Dress for Success. The mission of Dress for Success is to promote the economic independence of disadvantaged women by providing professional attire, a network of support and the career development tools to help women thrive in work and in life.

So, although we will be cancelling the party on December 1st at Nobu 57, you are very much in our hearts….

The Lauder Family and The Estée Lauder Companies

Looks like they will still have their employee Holiday party. But no free drinks for the press.

financal crisis, holiday party

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