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Estée Lauder Cos. To Close Aramis & Designer Fragrances Divisions

Aramis will be moved into another division. Other licenses will wind down between now and 2023.

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By: TOM BRANNA

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As part of its plan of “investing its resources into the most strategic long-term growth opportunities and value creation globally,” The Estée Lauder Cos. will close the Aramis & Designer Fragrances division. The division includes brands such as Aramis, Tommy Hilfiger, Michael Kors, Donna Karan, DKNY and Ermenegildo Zegna. Aramis, the prestige men’s line launched in 1963, will be moved into another division within Lauder. The other licenses will wind down between now and 2023...

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