Estee Lauder (EL) Concludes Buyout of DECIEM, Boosts Portfolio

The Estee Lauder Companies Inc. (EL) announced the completion of its acquisition of DECIEM Beauty Group Inc. ("DECIEM"), a vertically integrated, multi-brand company based in Canada. The final phase of the acquisition was completed on May 31, 2024, using cash on hand for an estimated $860 million. The total investment across three stages amounted to approximately$1.7 billion, net of cash, subject to post-closing adjustments. DECIEM, known as "The Abnormal Beauty Company," is renowned for its dedication to ...