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Estee Lauder acquires another luxury perfume brand

Feb 25, 2016 - The Deal Pipeline
Mergers and Acquisitions

Estée Lauder Cos. (EL) announced Thursday, Feb. 25, that it had acquired French luxury perfume company By Kilian Inc. The New York cosmetics giant did not disclose terms of the deal.

By Kilian was founded by Kilian Hennessy, whose grandfather of the same name helped create French luxury goods conglomerate LVMH Moët Hennessy Louis Vuitton SE. Hennessy said in a statement that Estée Lauder "understands the philosophy behind By Kilian--which is to bring perfumery back to the level...