I can understand the skepticism, particularly regarding Estee Lauder,

Touch your customer, and you're halfway there.

Our existing brands have a fairly strong and wide distribution in the stores that they are already sold. We were excited about the possibility of working with Kohl's to create new brands for their customers,

New generations want to buy their own brands, ... They don't necessarily want to buy a brand that's been around for a long time.

significant inventory contraction by U.S. retailers.

Look for a sweet person. Forget rich.