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Lauder Acquires First Asian-Based Beauty Brand

Dr. Jart+ enters the fold as company acquires remaining shares of parent organization.

The Estée Lauder Companies Inc. announced today that it has signed an agreement to acquire the shares that it does not already beneficially own in Have & Be Co. Ltd., the Seoul-based, global skin care company behind Dr. Jart+ and men’s grooming brand Do The Right Thing. Expected to close next month, the acquisition follows the company’s December 2015 minority investment in Have & Be Co. Ltd. and is pursuant to an agreement made at that time. Dr. Jart+ is expected to help further st...

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