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The Estée Lauder Companies Increases Ownership in DECIEM


The Estée Lauder Companies Increases Ownership in DECIEM
Thursday, May 20, 2021 5:11PM IST (11:41AM GMT)
 ELC has closed the previously announced deal to expand its investment in the company behind fast-growing skin care brands The Ordinary and NIOD
 
New York, United States:
 
The Estée Lauder Companies Inc. (NYSE: EL) announced today that it has completed the first phase of increasing its ownership in DECIEM Beauty Group Inc. (“DECIEM”), the Canadian-based, vertically integrated, multi-brand company. The Estée Lauder Companies (“ELC”) now owns approximately 76% of DECIEM (up from 29%), and has agreed to purchase the remaining interests after a three-year period at a price that will be determined based on the future performance of DECIEM. ....

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Estée Lauder acquires majority ownership in Deciem for USD 1 billion


Estée Lauder acquires majority ownership in Deciem for USD 1 billion
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The Estée Lauder Companies Inc. (ELC) has announced that it has entered into an agreement to increase its investment in
Canadian-based Deciem Beauty Group Inc. from 29% to 76%. The transaction is expected to close in the quarter ending June 30, 2021.
The amount to be paid by ELC at closing is
approximately USD 1 billion, reflecting a total enterprise value of approximately USD $2.2 billion. Since Estée Lauder’s initial investment in June 2017, Deciem has grown rapidly, achieving net sales for the 12 months ended January 31, 2021, of approximately USD $460 million. Estée Lauder plans to take full ownership in three years. ....

United States , United Kingdom , Pasquale Cusano , Nicola Kilner , Brandon Truaxe , Stephen Kaplan , Deciem Beauty Group Inc , Lauder Companies Inc , Lauder Companies , Canadian Based Deciem Beauty Group , Chemistry Brand , Prudvi Kaka , Chief Scientific Officer , Chief Operating , ஒன்றுபட்டது மாநிலங்களில் , ஒன்றுபட்டது கிஂக்டம் , பாஸ்குவேல் குசானோ , நிகோலா கிழ்நேர் , ஸ்டீபன் கபிலன் , லாடர் நிறுவனங்கள் இன்க் , லாடர் நிறுவனங்கள் , வேதியியல் பிராண்ட் , தலைமை அறிவியல் அதிகாரி , தலைமை இயங்குகிறது ,