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The Estée Lauder Companies to Increase Its Ownership in DECIEM

The Estée Lauder Companies to Increase Its Ownership in DECIEM Tuesday, February 23, 2021 5:31PM IST (12:01PM GMT) ELC will expand its investment in the company behind fast-growing skin care brands The Ordinary and NIOD, and establish terms for full ownership in three years   New York, United States:   The Estée Lauder Companies Inc. (NYSE: EL) announced today that it has entered into an agreement to increase its investment in the...
New York United States United Kingdom Fabrizio Freda Brandon Truaxe Nicola Kilner

EXCLUSIVE: In Largest Deal Yet, Estée Lauder Acquires Deciem at $2.2B Valuation

EXCLUSIVE: In Largest Deal Yet, Estée Lauder to Acquire Deciem at $2.2B Valuation Womens Wear Daily (WWD) 2/23/2021 Allison Collins The Estée Lauder Cos. Inc. has agreed to buy a majority stake in Deciem, the parent company of popular skin care brand The Ordinary, at a $2.2 billion valuation. Lauder owns a 29 percent stake in Deciem after investing in 2017. Under the terms of the deal, Lauder is paying $1 billion to increase its ownership position to 76 percent, valuing the ...
Lauder Cos Fabrizio Freda Brandon Truaxe Nicola Kilner Baylor Klein Stephen Kaplan
Source: msn.com

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