News

Beauty Giant Estée Lauder Now Allots 75% Of Its Digital Marketing Budget To Influencers

The Estée Lauder Companies, one of the biggest behemoths in the global beauty industry, has gone all in on influencers.

On its fourth quarter earnings call on Monday, president and CEO Fabrizio Freda (pictured above) said that the company significantly ratcheted up its overall marketing spend in the fourth quarter, “mainly now in digital,” The Drum reports. And of that digital marketing spend, “75% of our investment now is in digital social media influencers and they’re revealing to be highly productive.”

Freda attributed these successes to improved brand assets and sharpened targeting. The company is also looking to hire a global director of influencer marketing and customer engagement

— who would oversee its influencer spend. In addition to its work with influencers, Lauder is also one of the partners for a YouTube test of shoppable augmented reality ads, which let viewers virtually try on lipsticks

Subscribe for daily Tubefilter Top Stories

Subscribe

The Drum reports that Lauder works with influencers of all sizes, including micro-influencers as well as mainstream stars like Karlie Kloss — who is the face of the company’s eponymous beauty brand. The Estée Lauder Companies owns illustrious cosmetics brands like Aveda, Bobbi Brown, Clinique, and MAC.

Share
Published by
Geoff Weiss

Recent Posts

The founders of Kick are in the Club as their new platform comes out of beta

After co-founding the virtual casino Stake.com in 2017, Australian entrepreneurs Bijan Tehrani and Ed Craven set their sights on live streaming…

23 minutes ago

They belong in a museum: Australia is putting ten well-known creators into its national archive

As Australia limits teen access to major social media feeds, it is simultaneously preserving a…

2 hours ago

Top 5 Branded Videos of the Week: MrBeast and the Mouse

'Tis the season for festive holiday beverages, and some of YouTube's biggest channels are raising…

19 hours ago

As YouTube airs Eurovision, TikTok brings back in-house music contest

What do you get when you combine the Eurovision Song Contest, American Idol, and the…

1 day ago

Creators rely on brand deals, but worry about the “tension” between sponsors and viewers–and just 15% say they fully trust sponsored content from other creators

CreatorIQ's latest State of Creators report puts creators' relationships with branded content in a stark…

2 days ago