Case Reaction from Cedric Chin

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This is the case reaction for "How Clinique was Created, and How It Nearly Killed Estée Lauder". If you're listening to this as part of the case sense-making experiment, you're supposed to consume it alongside the Ample Hills Creamery case and the FoodXervices case. Together, they make for a very nice juxtaposition, because those two cases are stories of failure where the business eventually goes bankrupt, whereas this is a story of near failure but ultimate success. Leonard Lauder recovers from near-bankruptcy, learns from his experience launching Clinique, and never makes the same mistake again with any of the brands he subsequently launches or acquires.

If you read this case, you should notice that it's a very rich one with many concepts available to explore: business expansion, counter-positioning, the idea maze — because there's a bit of a search for product-market fit with Clinique — and finally, branding. Obviously branding, because Estée Lauder is built around creating or building strong brands. This comes across very clearly in any of the Estée Lauder cases in the Commoncog Case Library, and it also threads throughout Leonard Lauder's memoir, "The Company I Keep."

To set the stage: why is it necessary for Leonard Lauder to pursue growth? The answer is simple. There's an old saying in business that if 'you're not growing, you're dying'. The nuance, as I've pointed out before in this sequence of cases, is that this is more true if you're in a dynamic, fast-moving industry with lots of competitors, and less true if you're in a more boring, less dynamic industry where you have barriers to entry, or perhaps it's a backwater that nobody wants to enter. Estée Lauder is certainly in a dynamic, fast-moving industry — it's basically adjacent to fashion.

By the time Leonard takes over, and by the time the events of this case roll around, he had noticed that Estée Lauder was starting to age as a brand. Its perfumes, skincare products, and makeup were the kind of thing "your mum used, not you." And there was nothing he could do about that — his mother was still around, she was the face of the brand, and you can't just reposition on the fly, especially when the brand bears your mother's name. His eventual strategy was to create new brands, and later to acquire other skincare brands, so that the entire group stays healthy because each brand appeals to different demographics, and the overall business is protected against obsolescence.

So he pursues growth, and this case documents the very first time he tries to launch a new skincare brand from scratch. It's revealing, because before this, Estée Lauder had grown piecemeal — product by product, product line by product line. At the time of this case, Estée Lauder had only three major product categories: perfume, makeup, and skincare. His mother had grown the brand incrementally since he was a young child. It was never a large bet in the way that Clinique was.

Leonard talks about how he saw this strategy as important to try, and the case documents the mistakes he makes along the way. He is, however, in a very good position to notice when Clinique is about to kill the company. This is actually covered in a different Commoncog case titled "Estée Lauder: Surviving Retail Disruption," but in his memoir and in that other case, Lauder talks about how, when he started at the company, he worked in the back office. That meant he was constantly routing cheques and factory orders, and at night he would take home sales reports from various regions to keep an eye on which products were selling where. As a result, he develops a very good intuition for the company's finances, as well as which products were selling well in which markets.

So when Clinique starts consuming cash at an alarming rate — he mentions in the case that at Christmas he realises they're holding a fraction of the cash they'd normally have in the bank after the Christmas shopping season — he notices the danger and immediately has a strategy at his fingertips, because he understands how the business actually works. His eventual strategy, beyond the obvious step of doing layoffs, is to focus on high-volume sales products — like the Estée Lauder Swiss Performing Extract — to generate the cash needed to support Clinique while they figure out how to make it work. He talks about how if you need to generate a lot of cash quickly, you can't rely solely on high-price, high-margin products, because those don't sell in sufficient volume. Which implies that he had, at his fingertips, exactly which products could be leaned on to tide them over while they got the secondary Clinique production factory online. You might imagine that this was quite a number of stressful, struggling years managing the tension between Clinique and the main brand.

The second thing worth calling out is that reality has a lot of detail. A year after they launch Clinique, Revlon launches a competing hypoallergenic skincare brand, which creates even more problems because they still haven't figured out who Clinique actually appeals to.

One of the key concepts in this case is counter-positioning. It's very clear that Lauder and his team launched Clinique around a well-defined differentiation — the hypoallergenic concept, which was genuinely new at the time. It's also a bit wild that Clinique was the brand that introduced the three-step cleansing programme: cleanse, exfoliate, and then moisturise. This is considered completely normal skincare practice today, which makes it all the more remarkable that Clinique invented it. That's a clear product differentiation right from the gate, and they built the entire product line around this concept. What wasn't clear was who it appealed to — who would buy it? How do you advertise it? Which markets to target? It takes years before they work out that Clinique appeals to pragmatic women in non-fashion-forward cities like in Germany and Canada, whereas Estée Lauder does well in fashion-forward cities like New York or Los Angeles.

To quote from the case: "Clinique for the first time ever, introduced the concept of different skin types and offered different products to care for them. Clinique's beauty advisors would first help the customer discover which skin type they had and then guide them to the Clinique products best suited to said type." But he couldn't link that to a customer segmentation strategy focused on younger women with everyday pragmatism — his own words from later in the case.

Also worth noting: this is a man who would go on to become famous for building and acquiring skincare brands like Jo Malone and La Mer, growing each of them — which takes real skill. But at the point of this case, he's still learning the ropes. Listen to this: "Despite our insistence that Clinique wasn't an Estée Lauder brand, we'd still been thinking of it as an offshoot of Estée Lauder. Now we realise there were two completely different groups of customers who embraced these two lines in completely different ways. It was as if we'd been speaking Finnish to a group of French women. No wonder there was confusion."

It's one thing to say that you're not going to rely on the Estée Lauder brand and that Clinique must stand on its own. But if your company has spent decades only knowing how to grow one brand, the habits and culture that come with that can't be overridden at the snap of a finger. Leonard was not the only one who had to go through this entire learning process. The company had to go through it as well.

He never makes this mistake again. He makes different mistakes, sure — there's another brand he launches after Clinique called Prescriptives, which eventually dies a long, slow death through the eighties and nineties for different reasons. But he never again launches a product line in a way that risks the company going bankrupt, even when acquiring other brands. In many ways, Clinique was his trial by fire.

In a previous case reaction — I think it was the Ample Hills one — I pointed out that most people learn how to manage the financials of a business either from a really good business mentor or through a trial by fire. Leonard Lauder learned through a trial by fire, but I think he was well-positioned to survive that lesson because of how he'd been brought up in the company. He happened to work in the back office, and he happened to be obsessive enough to build a fingertip feel for the finances and sales performance of every product in the business.

At the end of the day, this is a very happy story. But I can totally imagine an alternate universe in which Leonard Lauder doesn't learn the lesson in time and Clinique tanks the company. It's a number of very stressful years — managing the finances, finding cash to support Clinique, simultaneously searching for product-market fit, and then changing the DNA of the company so that each brand lives separately and is grown according to its own distinct logic. All of this eventually allows him to execute his overarching strategy: a constellation of brands that protects the overall business, so the company is never overly dependent on any one brand performing well.

I find this a very inspiring case. I also find it interesting because I don't fully understand how brands are built, or how you construct a business whose competitive advantage is brand. I really like Leonard Lauder's biography, and most of the Estée Lauder cases, because in many ways he not only invents the playbook for prestige skincare brands, he also invents the constellation approach to building a strong business in a fast-moving, trend-driven industry. If you look at all the major skincare companies today, most of them are constellations of brands rather than a single brand. Leonard Lauder was at the forefront of that strategy, and Clinique is where you first see him finding his feet and learning it for the very first time.