M·A·C Cosmetics (Make-up Art Cosmetics) is a globally recognized beauty manufacturer and retailer, originally founded in Toronto, Canada, in 1984. Initially created to provide high-performance products for professional makeup artists and photographers, the brand has grown into a leading global prestige makeup authority sold in over 120 countries and territories. Company Overview and History Founders: M·A·C was established by photographer Frank Toskan and salon owner Frank Angelo, who were frustrated by the lack of cosmetics that could withstand high-intensity photo shoots. Acquisition: The brand became a subsidiary of The Estée Lauder Companies through a phased acquisition starting with a 51% stake in 1994, with the full purchase completed in 1998 for approximately $60 million. Headquarters: While founded in Toronto, the company has been headquartered in New York City since it became an Estée Lauder subsidiary. Mission and Motto: M·A·C operates under the motto "All Ages, All Races, All Genders," positioning itself as a champion of inclusivity and diversity in the beauty industry. Product Portfolio and Strategy The brand is known for its bold colors, high-pigment formulas, and extensive shade ranges. Its product lines include: Makeup: Key categories include face (Studio Fix Fluid), lips (Ruby Woo), eyes, and professional-grade tools like brushes and bags. Skincare and Bodycare: The brand has expanded into high-performance skincare and body products. Innovation: M·A·C releases over 50 collections annually, frequently collaborating with pop culture icons, artists, and fashion designers such as Rihanna, Lady Gaga, and Selena Quintanilla. Distribution: Products are sold through a direct-to-consumer model, including approximately 1,000 standalone stores, a robust e-commerce platform, and specialized retail partners like Sephora. Social Responsibility and Philanthropy A central pillar of M·A·C's identity is its commitment to social causes, most notably the M·A·C VIVA GLAM campaign. M·A·C AIDS Fund: Launched in 1994, this initiative has raised over $535 million globally to support the fight against HIV/AIDS and advocate for equal rights for all. Contribution: The company donates 100% of the sale price of VIVA GLAM lipsticks and lip glosses to these causes. Business Operations M·A·C is a significant revenue contributor to The Estée Lauder Companies, which reported total revenue of $15.91 billion in 2023. The brand relies heavily on word-of-mouth endorsements from beauty professionals and its constant presence backstage at over 100 fashion weeks worldwide each year.