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Mergers and Acquisitions

Third Quick Buy in a Row for Lauder

The global beauty company adds another niche, luxury fragrance company.

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By: Jamie Matusow

Editor-in-Chief

For the third time in a month, The Estée Lauder Companies Inc. has announced a new addition to its more than 30 brands. The most recent announcement involves  an agreement to acquire Editions de Parfums Frédéric Malle, the fragrance brand established by the iconic perfumer Frédéric Malle. Terms of the deal were not disclosed. The acquisition is expected to close in January 2015.
 
According to ELC, “Editions de Parfums Frédéric Malle offers a collection of exclusive, ultra-luxury fragrances crafted by some of the world’s most talented perfumers and personally curated by Malle, whose selections provide a range of timeless perfumes and home environment products to a clientele of tastemakers and style icons. The combination of Malle’s exacting approach and the distinct personalities of each perfumer have resulted in the creation of original, perfectly balanced fragrances.”
 
Established in Paris in 2000, the current Frédéric Malle collection encompasses 21 fragrances created by 12 master perfumers from around the world. They are sold through five architecturally distinctive stand-alone stores in Paris and New York, as well as through Barney’s in the United States and Liberty in London.
 
“Editions de Parfums Frédéric Malle represents the epitome of elegance,” said Fabrizio Freda, president and chief executive officer of The Estée Lauder Companies. “Malle’s uncompromising dedication to pure perfumery has established him as the most sought after collaborator by the world’s most talented perfumers. He has created a true luxury brand that augments our portfolio of prestige beauty products, and we are thrilled to welcome him to our company.”

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