Estée Lauder Companies Archive

BoF Exclusive | Estée Lauder Buys Becca Cosmetics

NEW YORK, United States – The Estée Lauder Companies, Inc., the American beauty conglomerate that owns brands like Clinique, Bobbi Brown and MAC, has signed an agreement to acquire Becca Cosmetics from beauty incubator Luxury Brand Partners. The terms of the deal were not disclosed, although industry sources suggest the conglomerate paid around $200 million for the business, which was founded in 2001 and is set …

Estée Lauder Forecast Trails Estimates as Skincare Struggles

NEW YORK, United States — Estée Lauder Companies forecast full-year profit that trailed analysts’ estimates as restructuring costs and softer sales of skin-care products weigh on earnings. Profit will be $3.38 to $3.44 a share, excluding some items, in the year through June, the New York-based company said Friday in a statement. Analysts projected $3.53, on average. The beauty company is going through a multiyear restructuring …