MAC Cosmetics, stylized as M·A·C, is a cosmetics manufacturer founded in Toronto in 1984 by Frank Toskan and Frank Angelo. The company is headquartered in New York City and became part of the Estée Lauder Companies in 1998. MAC is an abbreviation for Make-up Art Cosmetics.
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Background
During his time as a photographer and makeup artist, co-founder Frank Toskan realized the lack of suitable colors and textures needed to maximize performance and result of makeup for these industries. Further, he realized how limited conventional products in the cosmetic industry were to responding to the needs of the modern woman. For the first time ethnicity in makeup was addressed. Toskan began to craft a niche market in the world of makeup. Family joined forces including brother-in-law and chemist Victor Casale. MAC very quickly cultivated a following in both the fashion and the retail markets. Initially sold exclusively at the BAY in Canada it quickly expanded to Henry Bandel in New York. Nordstrom department stores welcomed the brand soon after marking MAC's first foray into the mass North American retail market. Saks, Macy's, Dillard's, and Bloomingdale's rapidly followed suit as well as dozens of MAC owned stand alone stores. Unsolicited celebrity endorsement was key to MAC's success as Madonna, Mariah Carey, Princess Diana, Linda Evangelista, Naomi Campbell, Cher, and Janet Jackson embraced this new world of makeup art. MAC continues to be the leader in creative cosmetic innovation worldwide.
The company's products were originally intended for makeup professionals, but are sold directly to consumers worldwide. Frank Toskan stated that he "first manufactured makeup for models, but then the models wanted this makeup for their sisters, friends, and so on... ". Today, the brand continues to work with in fashion show professionals: "From a niche brand [mainly for photo or film], MAC has become a global brand."
In the 1990s, the brand had over a hundred stores worldwide, earning 200 million francs. The development of the brand internationally, the opening of new points of sale, and the adaptation of product lines tailored to each continent, left little time for the founders to create new products. In 1994, the company Estée Lauder took control of 51% of shares of MAC Cosmetics and began managing the business end while the two founders retained creative control. In 1997, co-founder Frank Angelo died of cardiac arrest during surgery at the age of 49. At that time, MAC had a revenue of US $250 million, which doubled ten years later. Estée Lauder Inc. completed the acquisition in 1998, and Frank Toskan decided to sell his remaining shares shortly thereafter before leaving the company at the end of the same year.
MAC Cosmetics is named one of the top three global makeup brands, with an annual turnover of over $1 billion, and 500 independent stores, with over thirty stores in France. All stores are run by professional makeup artists.
In September 2016, MAC Cosmetics launched the "MAC Selena" collection in collaboration with the estate of Selena Quintanilla Perez. A petition on Change.org proposed the idea of this collaboration to MAC Cosmetics. Selena's sister, Suzette Quintanilla, worked with MAC to create the perfect collection that really represented Selena. The collection sold out within hours not only at MAC stores but also at other retailers that carried the collection such as Nordstrom, Bloomingdales, and Macy's. Fans stood in line for hours to get their hands on the collection but some did walk away empty handed. Due to the high demand for this collection, MAC restocked the collection in December 2016.
In May 2017, MAC Cosmetics became available for purchase online at Ulta Beauty. Products became available in stores in June 2017.
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MAC AIDS Fund
The M·A·C AIDS Fund was established in 1994 to support men, women, and children affected by HIV/AIDS globally by addressing the link between poverty and HIV/AIDS. It has raised over $400 million through the sale of M·A·C's Viva Glam Lipsticks and Lipglosses, donating 100% of the sale price to fight HIV/AIDS. The Viva Glam product line remains to be an iconic, best-seller for the MAC Cosmetics brand.
Mac Collaborations
Mac has collaborated with several personalities over the years. The latest one is the recently announced Mac x Nicki Minaj which will include two new shades Nude and The Pinkprint. These went on sale for $17.50 on September 21, 2017 in stores and online. However since this is a limited edition collaboration the shades will no longer be for sale after October 19, 2017.
Source of the article : Wikipedia
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