Ownership History:
* 1984: MAC Cosmetics was founded by Frank Toskan and Frank Angelo.
* 1994: The Estée Lauder Companies acquired a controlling interest in MAC Cosmetics.
* 1998: The Estée Lauder Companies acquired the remaining shares of MAC Cosmetics, becoming the sole owner.
Leadership:
* John Demsey: Former Group President of The Estée Lauder Companies, overseeing MAC Cosmetics.
* Drew Elliott: Global Senior Vice President and General Manager, MAC Cosmetics.
Key Takeaways:
* MAC Cosmetics is a subsidiary of the Estée Lauder Companies.
* The Estée Lauder Companies has full ownership and control over the brand.
* While the original founders are no longer involved in day-to-day operations, their legacy continues to influence MAC Cosmetics' philosophy and branding.