Estée Lauder adds By Kilian to luxury fragrance holdings

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WWD, 25 Feb. 2016

Estée Lauder Cos. Inc. has acquired perfume brand By Kilian, expanding the business' collection of luxury fragrances. [...]

The company did not divulge a purchase price, but industry sources estimate the price could have been as high as $80 million. [...]

"The Estée Lauder Companies not only understands the philosophy behind By Kilian — which is to bring perfumery back to the level of luxury that it enjoyed in the early 20th century — but also has the resources and support to help By Kilian continue to strategically grow by category, region and distribution," said Hennessy. [...]

"By Kilian is a perfect complement to our portfolio of prestige fragrances," said Fabrizio Freda, president and chief executive officer of Estée Lauder. "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 ultraluxury fragrances." [...]

Michel Dyens & Co. provided financial advice to By Kilian. [...]

Michel Dyens