The Estée Lauder Companies Inc. (NYSE:EL) announced today that it has
completed its acquisition of Le Labo, the high-end fragrance and sensory
lifestyle brand with a distinct French heritage and an emphasis on fine
craftsmanship and personalization in its products and services. Terms of
the deal were not disclosed.
Founded in 2006 by fragrance industry veterans Fabrice Penot and Eddie
Roschi, Le Labo provides a highly selective assortment of exceptional
fragrance and sensory lifestyle products in minimalistic retail
environments including the brand’s freestanding stores in New York,
London, Paris, Los Angeles, San Francisco, Tokyo and Hong Kong, as well
as select prestige department stores in global flagship cities, and the
brand’s website.
About The Estée Lauder Companies Inc.
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. The Company’s products are sold in over 150
countries and territories under the following brand names: Estée Lauder,
Aramis, Clinique, Prescriptives, Lab Series, Origins, M•A•C, Bobbi
Brown, Tommy Hilfiger, Kiton, La Mer, Donna Karan, Aveda, Jo Malone,
Bumble and bumble, Darphin, Michael Kors, Flirt!, GoodSkin
Labs, Tom Ford, Coach, Ojon, Smashbox, Ermenegildo Zegna, Aerin Beauty,
Osiao, Marni, Tory Burch, RODIN olio lusso and Le Labo.
Copyright Business Wire 2014