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Final step in the multi-tranche, $1.7 billion deal for the parent company behind The Ordinary.
The Estée Lauder Companies Inc. has completed its acquisition of the Canadian-based, vertically integrated, multi-brand company DECIEM Beauty Group Inc. ELC first invested in the beauty company, best known for its skincare brand The Ordinary, in 2017. ELC increased its stake to become majority owner in 2021 and recently exercised its option to purchase the remaining interests after a three-year period. ELC closed on the purchase of the remaining interests on May 31, 2024 using cash on hand fo...
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