News Formal

The Estée Lauder Cos. Closes $1.7 Billion Acquisition of Deciem, Home to The Ordinary

  • 📰 wwd
  • ⏱ Reading Time:
  • 8 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 68%

United States News News

United States United States Latest News,United States United States Headlines

Deceit's The Ordinary has been a bright spot as the Estée Lauder Cos. continues to struggle.

Lauder first invested in Deciem in 2017, increased its stake to become majority owner in 2021, and recently exercised its option to purchase the remaining interests for an estimated $860 million. The total investment adds up to about $1.7 billion, net of cash.

released last month, Freda said The Ordinary was one of five brands driving organic sales growth, with hero products and highly sought innovation.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 24. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Beauty Industry Ramps Up Quest for LongevityEstée Lauder, Dior, L’Oréal & more are investing in skin longevity with reverse-aging technology.
Source: wwd - 🏆 24. / 68 Read more »