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Is Estee Lauder owned by L Oreal?

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THIS Is Who Owns Your Favorite Beauty Brands We're all for high-low beauty. The big beauty conglomerate L' Oréal owns budget labels like Garnier and Essie, and more luxe names like YSL and Lancôme. Same goes for Estée Lauder, Shiseido, P&G, and more.
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