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Estee Lauder will acquire Deciem, maker of The Ordinary, at a $2.2 billion valuation, per WWD.
The deal takes Lauder deeper into skincare, building on its 2019 purchase of Have & Be.
CEO Fabrizio Freda has said Lauder likes to focus M&A on one space at a time.
Estée Lauder is acquiring the company behind skincare brand The Ordinary, though the deal is anything but.
The cosmetics giant will acquire a 76% stake in Deciem, which owns the brand, building on Lauder s existing 29% stake in the business, WWD reported Tuesday. When it closes, the deal will become the largest in Estée Lauder s history, valuing Deciem at $2.2 billion, WWD said.
Подарки на 8 марта: 35 небанальных идей stb.ua - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from stb.ua Daily Mail and Mail on Sunday newspapers.
Rojukiss aims high after first day trade
Cosmetics firm sets B3-billion revenue target for 2024, as shares rise 55% on debut
published : 19 Feb 2021 at 18:43
10 Executives of Rojukiss International Plc and the Stock Exchange of Thailand executives kick off the company s first trading day on Friday.
Rojukiss International Plc (KISS), a cosmetics and skincare marketer and contract manufacturer, aims to become Asia’s health and beauty innovation leader and reach 3 billion baht in revenues by 2024, chief executive Worrawan Chaikamnerd said on its first trading day on the Stock Exchange of Thailand (SET) on Friday.
KISS shares opened at 15 baht, up 66.67% from the IPO price of 9 baht, and closed at 14 baht, a gain of 55.6%, in heavy turnover worth 7.57 billion baht.
25-10-2019
A cannabinoid-infused coffee seller can’t register its ‘Cheerful Buddha’ trademark for a wide range of goods, after an opposition from cosmetics company Rituals.
In a decision published this month, the UK Intellectual Property Office (IPO) refused Cheerful Buddha registration for key goods and services because it could cause confusion with Rituals’ ‘Happy Buddha’ brand.
Cheerful Buddha sells a range of cannabidiol (CBD)-based products, including coffee, chocolate and CBD drops. The London company filed to register the name of the company as a trademark covering these goods, as well as others including dietary supplements and herbal teas.
Подарки на 8 марта: 35 небанальных идей stb.ua - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from stb.ua Daily Mail and Mail on Sunday newspapers.