The Estee Lauder Companies Inc. has announced that it has signed an agreement to acquire Editions de Parfums Frederic Malle for an undisclosed amount.
Editions de Parfums Frederic Malle offers a collection of exclusive, ultraluxury fragrances personally curated by Malle, according to an Estee Lauder press release. The deal would enable Frederic Malle fragrances to expand their reach to global markets, the company said.
“The Estée Lauder Companies has great respect for the art of perfumery and for the creativity, dedication and mastery required to create truly exceptional fragrance experiences”, said Editions de Parfums founder Frederic Malle. “The Company’s commitment to a high standard of excellence and ability to support the growth of entrepreneurial concepts in a way that preserves all that is unique and special makes The Estée Lauder Companies the ideal partner for us”.
Fabrizio Freda, President and Chief Executive Officer of Estee Lauder said: “Editions de Parfums Frédéric Malle represents the epitome of elegance”.
Executive Chairman William P. Lauder added: “As an entrepreneur and descendant of a line of legendary perfumers, Frédéric shares our deep commitment to creating products with lasting appeal, and to the continued growth and success of the company which bears his name. We are so pleased to welcome Frédéric to our family”.
The acquisition is expected to close in January 2015.
Source: Estee Lauder