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## PEOPLE 

Dynamic people are one of our Company’s most important assets. This year, we added several exciting new faces to our team. Liya Kebede became the first spokesmodel of African descent to represent the Estée Lauder brand, underscoring its commitment to global beauty. Aramis signed a multi-year contract with tennis superstar Andre Agassi to endorse its new fragrance, Aramis Life, which launches this fall. William P. Lauder became Chief Operating Officer, and Leonard A. Lauder continued his role as the Company’s ambassador, with appearances at the U.S. Naval Academy and many other important sites. 

## BRANDS 

The Estée Lauder Companies made two strategic investments in the prestige arena. We acquired Darphin, the Paris-based maker of products incorporating natural ingredients and essential oils. The Company entered into a license agreement with Michael Kors L.L.C. for their award-winning fragrance, bath and body line. Among our existing brands, M . A . C opened its first freestanding store in Berlin, bringing the total number of M . A . C doors in Germany to 13, and Aveda sponsored its bi-annual Congress for 6,000 customers. 

Clockwise from top left: Harrods department store; by Evelyn H. Lauder; Clinique’s brochure for the First Annual Dermatology Update; Chief Operating Officer William P. Lauder; Liya Kebede, Estée Lauder’s new spokesmodel; Andre Agassi, spokesman for Aramis Life; Products from Darphin; M . A . C’s Berlin store; Michael Kors’ fragrance line; Participants at Aveda’s Congress; FiFi Bath & Body Star award for CEW Best in Beauty Awards for Estée Lauder, Clinique and Origins products; by Michael Gordon; Leonard A. Lauder at the U.S. Naval Academy Hair Heroes kate spade beauty; Bobbi Brown Beauty Evolution; An Eye for Beauty 

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