Estée Lauder aquires By Kilian
25 Feb. 2016
New York, NY, February 25, 2016 – The Estée Lauder Companies Inc. (NYSE: EL) announced today that it has acquired By Kilian, the Paris-based prestige fragrance brand that embodies timeless sophistication and modern luxury. [...]
"By Kilian is a perfect complement to our portfolio of prestige fragrances," said Fabrizio Freda, President and Chief Executive Officer of The Estée Lauder Companies Inc. "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 ultra-luxury fragrances. We are very excited to work closely with Kilian and the entire By Kilian team to continue building on the brand's terrific success." [...]
"Kilian's heritage of sophistication and luxury is a terrific match for The Estée Lauder Companies," said William P. Lauder, Executive Chairman, The Estée Lauder Companies Inc. "One of our leading strengths is the ability to identify brands with unique positioning and nurture them to realize their full growth potential. We are so pleased to partner with Kilian to continue this legacy, and we welcome him and his team to our family." [...]
By Kilian received financial advice from Michel Dyens & Co. [...]