This website uses cookies to improve your experience. Continue if you are OK with this or find out more in our Privacy Policy.

Estée Lauder acquires GlamGlow

December 22nd 2014 / Ayesha Muttucumaru Google+ Ayesha Muttucumaru / 0 comment

gtg-glamglow-estee-lauder-main.jpg

In its fourth signing since October, the beauty giant adds to its ever-expanding empire with latest acquisition

“The acquisition race between Estée Lauder Cos. Inc. and L’Oréal USA hit a crescendo Friday afternoon with Lauder’s acquisition of hot indie skincare brand GlamGlow.

“Terms of the deal were not disclosed, although informed Wall Street sources estimated the purchase price could range from an initial $100 million or $125 million to a final possible payout of $200 million to $220 million.

MORE GLOSS: Estée Lauder purchases Frédéric Malle

“GlamGlow’s retail sales for 2013 are estimated at $90 million by Wall Street sources, and the brand is sold in about 88 countries globally, with nearly 6,500 doors serviced by a network of distributors. Although the business was established only four years ago, GlamGlow is thought to be profitable, and sources indicate that Lauder intends to build upon the bottom line.”

Read more at WWD.

sign-up-here-beauty.jpg

Join the conversation

Who's Recruiting

  • Get The Gloss
  • GP Nutrition
  • Cowshed
  • Sisley Paris
  • Psycle
  • Dr. Lipp
  • Equilibrium
  • BeautyMART
  • Capsule Communications
  • Aurelia Probiotic Skincare
  • Percy & Reed
  • Macacha
  • Lilac Breasted Roller
  • The Organic Pharmacy
  • Pai Skincare
  • InParlour
  • Soupologie
  • Estee Lauder
  • Gurwitch Products
  • Soil Association
  • Lululemon Athletica
  • Taylor's 32
  • Elemis
  • Skin & Tonic
  • Anne Semonin
Agile web development by Byte9