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Clinique was the third brand that was "born" from the Lauder Group after Estée Lauder and Aramis. [7] In 2008, Clinique announced a partnership [8] with Allergan, the maker of Botox and former cosmeceutical partner of Elizabeth Arden, with the result being a new line called Clinique Medical. The line is only available in physician's offices.
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In April 2000, L'Oréal, the French beauty and cosmetics company, acquired Kiehl's for between $100–$150 million.L'Oréal had pursued the purchase of the company for more than two years but the catalyst for a deal came when Kiehl's had difficulty handling the growing volume of orders due to the company's increased popularity.
Ronald Steven Lauder (born February 26, 1944) is an American businessman and pro-Israel political activist. He and his brother, Leonard Lauder, are the sole heirs to the Estée Lauder cosmetics company, founded by their parents, Estée Lauder and Joseph Lauder, in 1946.
On April 30, 2015, Revlon completed the acquisition of U.K. based fragrance management company CBBeauty including its U.K. distributor SAS & Company. [25] On June 16, 2016, Revlon announced its intention to purchase its competitor Elizabeth Arden, Inc. for $870 million. [26] [27] The acquisition was completed on September 7, 2016. [28]
This move was the conclusion of a deal initiated in December 2015, when Avon sold 80.1 percent of its North American Business to Cerberus for $170 million. The total value of the deal was $605 million. The investment resulted in Cerberus having an almost 17 percent stake in Avon Products. [29] [30]
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