Estee Lauder Companies Inc

NYSE:ELUnited States

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• DJ Estee Lauder Relies on Local Teams to Address Market Diversity -- Market Talk, from 7 hours ago by Dow Jones

  7 hours ago by Dow Jones
  Companies Mentioned: EL
  
  1611 GMT - Success is about maintaining a global brand identity while being able to address the diversity of each region, Nadine Graf, President EMEA at The Estee Lauder Companies, says at a conference at Shoptalk Europe in Barcelona. The U.S. cosmetics group sells products in roughly 150 countries and territories, according to the company's 2023 annual report. It is crucial to have local teams that understand the context of each market in order to tailor the right strategy, she says. The company relies on ambassadors and influencers who resonate with local consumers. Besides brand campaigns, it is also important to sell the right products for every region, depending on what clients demand and their specific needs, she adds. (andrea.figueras@wsj.com)
  

• Estee Lauder Completes Acquisition of DECIEM Beauty Group, from 11 hours ago by MT Newswires

  11 hours ago by MT Newswires
  Companies Mentioned: EL
  08:35 AM EDT, 06/03/2024 (MT Newswires) -- Estee Lauder (EL) said Monday it has completed its acquisition of DECIEM Beauty Group after exercising an option to purchase the remaining interests in the Canadian company for around $860 million in cash. ...

• DJ Estee Lauder Buys Remaining Deciem Stake for $860 Million, from 12 hours ago by Dow Jones

  12 hours ago by Dow Jones
  Companies Mentioned: EL
  
  By Colin Kellaher
  
  Estee Lauder has taken full ownership of Deciem Beauty Group, shelling out $860 million for the remaining 24% stake in the owner of The Ordinary beauty brand.
  

• The Estee Lauder Companies Completes Acquisition of DECIEM, from 12 hours ago by Business Wire

  12 hours ago by Business Wire
  Companies Mentioned: EL

  The Estee Lauder Companies Inc. (NYSE: EL) ("ELC") announced today that it has completed its acquisition of the Canadian-based, vertically integrated, multi-brand company DECIEM Beauty Group Inc. ("DECIEM"). ELC first invested in DECIEM in 2017, increased its stake to become majority owner in 2021, and recently exercised its option to purchase the remaining interests in DECIEM after a three-year period. ELC closed on the purchase of the remaining interests on May 31, 2024 using cash on hand for an estimated $860 million. The total investment, net of cash, approximated $1.7 billion over the three tranches. These amounts are subject to post-closing adjustments in accordance with the agreement.

• *DJ The Est e Lauder Companies Completes Acquisition Of DECIEM >EL, from 12 hours ago by Dow Jones

  12 hours ago by Dow Jones
  Companies Mentioned: EL