New generations want to buy their own brands, ... They don't necessarily want to buy a brand that's been around for a long time.
More Quotes from Estee Lauder:
I can understand the skepticism, particularly regarding Estee Lauder,Estee Lauder
Look for a sweet person. Forget rich.
Estee Lauder
When you stop talking, you've lost your customer. When you turn your back, you've lost her.
Estee Lauder
If you don't sell, it's not the product that's wrong, it's you.
Estee Lauder
If there is a message at all, it's probably that we have to recognize in ourselves how we feel morally about certain things and make sure we follow that up with our actions,
Estee Lauder
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