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By: Jamie Matusow

Editor-in-Chief

The Estée Lauder Companies Inc. has completed the sale of the stila brand to Stila Corp., an affiliate of Sun Capital Partners, Inc., a Boca Raton, FL-based private equity firm. Stila will be run by a management team led by Jane McKellar, the former managing director of Elizabeth Arden in Australia.

Operations of stila are expected to continue, and the Stila Corp. team has assumed responsibility for all decisions regarding the future direction of the brand. The sale was effective April 10. Terms of the deal were not disclosed.

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