Le Labo Joins Estée Lauder's Portfolio of Prestige Beauty Brands
The Estée Lauder Companies Inc. announced that it has completed its acquisition of Le Labo, adding the brand to Estée Lauder's portfolio of prestige beauty brands.
Le Labo, a high-end fragrance and sensory lifestyle brand with freestanding stores around the world, has garnered a loyal following since its founding in 2006. "The Estée Lauder Companies is the ideal home for us and for our brand. The Estée Lauder Companies not only understands and respects the core elements of our business, but also has the resources to help us continue to grow into a more fully expressed sensory lifestyle brand. The Company has a strong track record of growing and nurturing prestige entrepreneurial brands, and we love that they are so supportive of and committed to our vision," said Fabrice Penot and Eddie Roschi, co-founders of Le Labo.
Barack Ferrazzano acted as legal advisor to Le Labo on the transaction.