Expanding the reach of Editions de Parfums’ elegant, sophisticated fragrances, curated by Malle, to global markets
NEW YORK - Friday, November 7th 2014 [ME NewsWire]
(BUSINESS
WIRE)-- The Estée Lauder Companies Inc. (NYSE:EL) announced today that
it has signed an agreement to acquire Editions de Parfums Frédéric
Malle, the storied 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.
Editions de Parfums
Frédéric Malle offers a collection of exclusive, ultraluxury 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 discerning 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.”
“The Estée Lauder Companies has great respect
for the art of perfumery and for the creativity, dedication and mastery
required to create truly exceptional fragrance experiences,” said
Editions de Parfums founder Frédéric Malle. “The Company’s commitment to
a high standard of excellence and ability to support the growth of
entrepreneurial concepts in a way that preserves all that is unique and
special makes The Estée Lauder Companies the ideal partner for us.”
“As
an entrepreneur and descendant of a line of legendary perfumers,
Frédéric shares our deep commitment to creating products with lasting
appeal, and to the continued growth and success of the company which
bears his name,” said William P. Lauder, Executive Chairman of The Estée
Lauder Companies. “We are so pleased to welcome Frédéric to our
family.”
The brand will be overseen by John Demsey,
Estée Lauder Companies’ Group President, responsible for the Estée
Lauder, M·A·C, Tom Ford, Prescriptives, Bobbi Brown, Bumble and bumble,
Jo Malone, La Mer, Smashbox, Aramis & Designer Fragrance brands, Le
Labo and RODIN olio lusso.
The Estée Lauder Companies
Inc. received financial advice from BNP Paribas and legal counsel from
Lowenstein Sandler LLP and Wragge Lawrence Graham & Co. LLP.
Frédéric Malle received legal counsel from the New York and Paris
offices of Dentons and from Patterson Belknap Webb & Tyler LLP.
The
forward-looking statements in this press release, including those in
the quoted remarks and those relating to the expectations for the
acquired brand, the impact on the Company's financial results and the
benefits of the acquisition, involve risks and uncertainties. Factors
that could cause actual results to differ materially from those
forward-looking statements include current economic and other conditions
in the global marketplace, actions by retailers, suppliers and
consumers, competition, the satisfaction of closing conditions, the
Company's ability to successfully integrate the acquired business and/or
implement its long-term strategic plan, and those described in the
Company's annual report on Form 10-K for the year ended June 30, 2014.
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.
Contacts
The Estée Lauder Companies Inc.
Investor Relations:
Dennis D’Andrea, 212-572-4384
or
Media Relations:
Chris Giglio, 212-572-6993
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