The memo, obtained by WWD, was sent out following media speculation about a possible activist investor.
“As a family-controlled company, and with our approach to ‘patient capital,’ we are guided by our long-term vision and strategy, the way we have been for over 75 years, and will not be deterred by outside noise,” wrote William Lauder.
“Guided by our talented leaders, our sound strategy and above all, your incredible commitment and dedication, we have clarity of focus and the proven ability to executive and deliver into the future,” wrote Lauder. The Lauder family holds around 84 percent of voting control and four of the 17 board seats at the Estée Lauder Cos. No filings have been made through the SEC showing Peltz has bought stock, meaning that if he has any, it would be less than 5 percent.
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