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A move beyond department store counters for EL.
May 18, 2010
By: TOM BRANNA
Editor
The Estée Lauder Companies Inc.has signed a definitive agreement to acquire Smashbox Beauty Cosmetics, Inc., a privately-held, photo studio-inspired prestige cosmetics company based in Los Angeles, CA.The acquisition is expected to close in July 2010, subject to certain conditions, including regulatory approval. While terms of the deal were not disclosed, the Company said that the transaction is expected to be accretive to earnings in fiscal year 2011, before transaction and integration costs. ...
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