Estée Lauder has completed 3 recorded acquisitions and 0 divestitures or spin-offs, spanning 2016 to 2023.
| Date | Type | Assets | Counterparty | Value |
|---|---|---|---|---|
| Apr 2023 | Acquisition | Tom Ford Fashion | — | $2.8bn |
| May 2021 | Acquisition | The Ordinary | — | $1bn |
| Dec 2016 | Acquisition | Too Faced | — | $1.45bn |
Estée Lauder acquired the Tom Ford brand for about $2.8 billion, its largest acquisition, and immediately licensed the fashion and accessories business to Zegna while keeping beauty for itself. The trademark and the clothes therefore have different companies behind them.
Estee Lauder raised its stake in DECIEM, the parent of The Ordinary, to a controlling position in a transaction valuing the business at about $2.2 billion. The Ordinary had built its following by naming active ingredients and their concentrations on the front of the pack at prices far below prestige skincare.
Estee Lauder acquired Too Faced for $1.45 billion, then its largest purchase. Too Faced had been founded by two makeup artists in 1998 and built on playful packaging and product names, with its Better Than Sex mascara among the largest sellers in prestige cosmetics.
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