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September 11, 2008
By: TOM BRANNA
Editor
INDIA: The Estée Lauder Companies Inc. has purchased a minority stake in Forest Essentials, a privately held Indian company that manufactures, markets and sells beauty products based on Ayurvedic formulations. Terms of the agreement were not disclosed. Forest Essentials, which was founded in 2000 by Mira Kulkarni, uses pure essential oils and natural plant extracts in its range of skin, body and hair care products. Its portfolio consists of more than 100 SKUs sold in seven freestanding stores...
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