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Estee Lauder to buy Toronto-based company Deciem at US$2.2 billion valuation


The Toronto-based company, also referred to as The Abnormal Beauty Company, currently has six brands, including The Ordinary an internationally popular skincare brand with a large consumer base.
“Over the last four years, we have built a truly special long-term partnership with the incredible DECIEM team, and we are excited for what the future holds,” said Fabrizio Freda, President and Chief Executive Officer of The Estée Lauder, in a statement.
“DECIEM is an exceptional company. Nicola and her team have built and cultivated authentic brands with highly effective, must-have products using a vertically integrated model, and have fostered a uniquely transparent and engaging communication style. The company’s hero products, desirable innovation, and digital- and consumer-first high-touch approach have been instrumental to its success.” ....

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