07:57 uur 19-05-2021

De bedrijven van Estée Lauder vergroten het aandeelhouderschap in DECIEM

ELC heeft de eerder aangekondigde deal gesloten om zijn investering in het bedrijf achter de snelgroeiende huidverzorgingsmerken The Ordinary en NIOD uit te breiden

NEW YORK– (BUSINESS WIRE) – The Estée Lauder Companies Inc. (NYSE: EL) heeft vandaag aangekondigd dat het de eerste fase van het vergroten van zijn eigendom in DECIEM Beauty Group Inc. (“DECIEM”), het in Canada gevestigde, verticaal geïntegreerd bedrijf met meerdere merken. The Estée Lauder Companies (“ELC”) bezit nu ongeveer 76% van DECIEM (tegenover 29%), en is overeengekomen om de resterende belangen na een periode van drie jaar te kopen tegen een prijs die zal worden bepaald op basis van de toekomstige prestaties van DECIEM.

Dit persbericht bevat multimedia. Bekijk de volledige release hier: https://www.businesswire.com/news/home/20210518006088/en/

The Estée Lauder Companies Increases Ownership in DECIEM

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–(BUSINESS WIRE)– 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.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210518006088/en/

The Estée Lauder Companies increases ownership in DECIEM. (Photo: Business Wire)

The Estée Lauder Companies increases ownership in DECIEM. (Photo: Business Wire)

Known as “The Abnormal Beauty Company”, DECIEM is an industry disruptor with a consumer-focused approach. It was founded in 2013 by the late Brandon Truaxe, a visionary who set out to change the beauty industry through authenticity and transparency. He developed the company with creativity and innovation alongside Founder, Pasquale Cusano, and Co-Founder, Nicola Kilner, who is continuing as CEO of DECIEM.

DECIEM’s portfolio currently encompasses six brands, including The Ordinary, an internationally popular skin care brand with impressive community- and referral-driven buzz reflecting a deep connection with its global consumer base of skin care devotees.

The Estée Lauder Companies Inc. is one of the world’s leading manufacturers and marketers of quality skin care, makeup, fragrance and hair care products. ELC’s products are sold in approximately 150 countries and territories under brand names including: Estée Lauder, Aramis, Clinique, Lab Series, Origins, Tommy Hilfiger, M·A·C, La Mer, Bobbi Brown, Donna Karan New York, DKNY, Aveda, Jo Malone London, Bumble and bumble, Michael Kors, Darphin Paris, TOM FORD BEAUTY, Smashbox, Ermenegildo Zegna, AERIN, Le Labo, Editions de Parfums Frédéric Malle, GLAMGLOW, KILIAN PARIS, BECCA, Too Faced, Dr. Jart+, and the DECIEM family of brands, including The Ordinary and NIOD.




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