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William P. Lauder and William Dillard III Honored at Gala

Cheri Fein, executive director, Public and Media Relations
press@fitnyc.edu, 212-217-4700

EVENT RAISES $2 MILLION TO BENEFIT THE FIT Educational Development Fund

FIT Students Ning Juang, Rob Stevens, and Alicia Tagliasacchi Named Winners in Estée Lauder Package Design Contest††

William P. Lauder, executive chairman, The Estée Lauder Companies Inc., and William T. Dillard III, vice president, Dillardís, Inc., were honored by the Fashion Institute of Technology (FIT) and the FIT Foundation at the collegeís annual benefit gala, Two People, Two Companies, One College Make a Difference, on Thursday, March 15 at Cipriani in New York City.

FIT celebrated the honoreesí outstanding leadership and achievements in retailing before an audience of approximately 640. The event raised just under $2 million to benefit FITís Educational Development Fund, which provides scholarship, technology, and student services support, among other priorities.

FIT President Dr. Joyce F. Brown welcomed guests. Leonard A. Lauder, chairman emeritus, The Estée Lauder Companies Inc., and father of William P. Lauder, presented the award to Mr. Dillard. William T. Dillard II, chairman and CEO, Dillardís, Inc. and father of William T. Dillard III, presented Mr. Lauder with his award. Singer-songwriter Natasha Bedingfield performed.

As a special feature of this yearís gala, 28 FIT Packaging Design majors were challenged to design a new package for pleasures, the iconic fragrance from Estée Lauder. A team of judges from Estée Lauder and Dillardís selected Ning Juang as the winner who received $5,000 in cash. Rob Stevens and Alica Tagliasacchi were named runners-up and each received $1,500 in cash. The winning designs were displayed at the gala.††

By Ning Juang
By Alica Tagliasacchi By Rob Stevens

About The Estée Lauder Companies Inc.

The Estée Lauder Companies Inc. is one of the worldís leading manufacturers and marketers of quality skin care, makeup, fragrance, and hair care products, with sales in over 150 countries and territories under the following brand names: Estée Lauder, Aramis, Clinique, Prescriptives, Lab Series, Origins, MēAēC, Bobbi Brown, Tommy Hilfiger, Kiton, La Mer, Donna Karan, Aveda, Jo Malone, Bumble and bumble, Darphin, Michael Kors, American Beauty, Flirt!, GoodSkin Labs, Grassroots Research Labs, Sean John, Missoni, Tom Ford, Coach, Ojon, Smashbox, and Ermenegildo Zegna.

About Dillardís, Inc.

Dillardís, Inc. is one of the nation's largest fashion specialty retailers offering compelling apparel, cosmetics, and home selections complemented by premium customer care. Dillardís stores feature a broad selection of revered brands from both national and exclusive sources. The company operates 288 Dillardís locations and 16 clearance centers spanning 29 states plus an internet store at www.dillards.com.

FIT and The FIT Foundation

FIT is a leader in career education in art, design, business, and technology, with a wide range of programs that are affordable and relevant to todayís rapidly changing industries. Part of the State University of New York, the college offers more than 45 majors leading to the AAS, BFA, BS, MA, MFA, and MPS degrees.†

Organized in 1944, the FIT Foundation is a private foundation that serves as a fundraising and advisory body to FIT. Its membership includes leaders from management in fashion and related industries who also offer expertise and opportunities to students.

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