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Estée Lauder Companies acquires high-end niche fragrance brand By Kilian

The Estée Lauder Companies announced today that it has acquired Paris-based prestige fragrance brand By Kilian. Terms of the deal were not disclosed.

Founded in 2007 By Kilian Hennessy, By Kilian is sold in more than 40 countries worldwide - primarily in North America, Europe and the Middle East - through immersive freestanding stores, select prestige department stores and perfumeries. By Kilian’s current product offerings include fragrances, candles and other accessories, as well as exclusive collections available in certain regions. Elements of the brand’s packaging - including perfume bottles and candle holders – are meant to be kept as keepsakes, which is reflective of Kilian’s philosophy that true luxury should not be disposable.

By Kilian is a perfect complement to our portfolio of prestige fragrances,” said Fabrizio Freda, President and Chief Executive Officer of The Estée Lauder Companies Inc.Kilian has built a beautiful and sumptuous brand that elevates the art of perfume creation with elegance and uncompromising luxury. This acquisition gives our Company a strategic opportunity to continue to build upon our leadership in ultra-luxury fragrances. We are very excited to work closely with Kilian and the entire By Kilian team to continue building on the brand’s terrific success.

The acquisition of By Killian adds another high-end niche fragrance brand to the Estée Lauder’s portfolio. The multinational had already displayed a strong interest in the ultra-luxury fragrance segment with the acquisition of Le Labo and Parfums Frédéric Malle in 2014.

John Demsey, Executive Group President, The Estée Lauder Companies Inc., will add By Kilian to his portfolio, while continuing to oversee Clinique, M·A·C Cosmetics, Tom Ford Beauty, Prescriptives, Bobbi Brown, Jo Malone London, Smashbox, Aramis & Designer Fragrances, the Men’s Skincare Group, Rodin olio lusso, Le Labo, Editions de Parfums Frédéric Malle, Glamglow.

V.G.

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