Biggest Middle-Market Deals in May
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The Estée Lauder Companies increases ownership in Deciem
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PODCAST: A global beauty view on COVID-19 – hottest acquisitions, flashy innovations and biggest challenges CosmeticsDesign editors break down the beauty and personal care acquisitions, product innovations and challenges that have arisen under the pressure of the COVID-19 pandemic.
In this exclusive podcast, Kacey Culliney, editor of CosmeticsDesign-Europe; Deanna Utroske, editor of CosmeticsDesign; and Amanda Lim, editor of CosmeticsDesign-Asia, come together again to discuss how the beauty and personal care industry is adapting to the dramatic shifts in beauty.
Despite the difficulties of COVID-19, Culliney believes it has been an
“exciting” year so far.
“There s been plenty going on in terms of mergers and acquisitions and innovation and new product launches, which has been rather exciting considering what could be arguably defined as a difficult year for industry.”
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 Canadian-based, vertically integrated, multi-brand company, DECIEM Beauty Group Inc. (“DECIEM”) from approximately 29% to approximately 76% (the “First Phase”). The transaction is expected to close in the quarter ending June 30, 2021. The Estée Lauder Companies Inc. (“ELC”) has agreed to purchase the remaining interests after a three-year period (the “Second Phase”).