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Company adds on to prestige portfolio in $1.45 billion cosmetic deal.
November 15, 2016
By: Melissa Meisel
In the company's largest brand acquisition ever, The Estée Lauder Companies Inc. (ELC) revealed an agreement to acquire trendy makeup brand Too Faced for a purchase price of approximately $1.45 billion. With a quick turnaround, the deal is expected to close in December 2016. ELC recently completed its purchase of Becca Cosmetics. “Too Faced is one of the most dynamic makeup brands in the world,” said Fabrizio Freda, president and chief executive officer of The Estée Lauder Companies....
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