Estée Lauder Cos. Inc. has acquired perfume brand By Kilian, expanding the business’ collection of luxury fragrances.Founded in 2007 by Kilian Hennessy, By Kilian sells perfumes, candles and other accessories and has about $25 million in net sales, according to industry sources. Hennessy will continue to lead the brand under Lauder. The company did not divulge a purchase price, but industry sources estimate the price could have been as high as $80 million.“Kilian Hennessy’s innate passion for luxury and fragrance influences every aspect of By Kilian,” said John Demsey, Estée Lauder group president. “As a brand builder, Kilian has done an incredible job of expressing his…olfactive and visual philosophy to his enthusiastic global fan base. We see a bright future for this brand, building on what Kilian and his talented team have already accomplished — and we can’t wait to get to work.”By Kilian is sold in freestanding retail locations, select specialty stores and perfumeries in more than 40 countries, mostly in North America, Europe and the Middle East. Some of the fragrance collections are exclusively sold in certain regions, and many products come in refillable packaging, including crystal fragrance bottles.“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.Lauder's slew of deals for premium scents underscores a wider industry trend towards fragrance premiumization and brings to a head the company's drive to upgrade its fragrance portfolio. The By Kilian deal follows the company's 2014 fragrance buying spree, when it scooped up Editions de Parfums Frédéric Malle, Rodin Olio Lusso and Le Labo.“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.”For the quarter ended Dec. 31, Lauder’s fragrance sales grew 7 percent year-over-year to $470.6 million. Net sales were up 3 percent to $3.1 billion for the quarter.BNP Paribas was Lauder’s financial adviser for the deal, and Lowenstein Sandler LLP, Wragge Lawrence Graham & Co. LLP and Arendt & Medernach provided legal advice. Michel Dyens & Co. provided financial advice to By Kilian, and Skadden Arps Slate Meagher and Flom LLP and CMS Bureau Francis Lefebvre acted as legal counsel.
In honor the @CFDA’s announcement of @iamnaomicampbell receiving the Fashion Icon Award at the 2018 #CFDAAwards, which will take place on June 4, here’s a #tbt of the supermodel on @michaelkors’ runway in 1991. #wwdfashion #wwdarchive (📷: George Chinsee)
“I was making the guacamole when my scout saw me,” says model @stuckinteenage on being discovered just six months ago while working at @chipotlemexicangrill. Since then Williams has signed with @dnamodels, walked in her first show at @calvinklein and landed on the cover of @vogueitalia – a high point of any model’s career. To read @lisajlockwood’s full interview with the model on her experiences thus far, head to WWD.com – link in bio. (📷: George Chinsee)
“I love the idea of dialogue, period. It’s where I’ve always gotten my inspiration from: hearing other women speak, their journeys and their paths,” said @hereisgina, who delivered the keynote speech during @sxsw for @createcultivate in partnership with @fossil. For her two panels, Rodriguez chose female empowering, female-led and female entrepreneurs to focus on. Head to WWD.com to read more about her thoughts on Time’s Up, growing up in a family of women and why we “need a girls’ club.” #wwdeye #sxsw (📷: @jgreenery)
Leading luxury brand are shaking things up to keep up with streetwear. Case in point: the arrival of @mrkimjones as artistic director of @diorhomme. Jones, who succeeds @Kris_Van_Assche, is seen as one of the handful of designers who can actually straddle the luxury and streetwear worlds — which could lead to even more changes at established brands. What could this mean for the rest of the menswear landscape? Head to WWD.com to find out what experts predict #wwdfashion (📷: @franckmura)
“It’s like buying groceries. You’re going to buy the best mango, the best mozzarella, the best things. You have to, or others are going to take it all,” said @gabrielahearst on why she uses only the finest fabrics. Last week, Hearst received her first @cfda nomination for Womenswear Designer of the Year, and earlier this month she opened a permanent showroom in Paris. To read @jessiredale’s interview with the designer and find out why this is shaping up to be a big year for her, head to WWD.com. #wwdfashion (📷: @francoisgoize)
“It’s an interesting thing, playing a younger version of your mother. It’s an interesting concept. I adore my mom and love her in every capacity, but it was just something that had never crossed my mind,” says @anniemstarke on playing a young Joan Castleman in “The Wife.” The same role will be played by her mother Glenn Close. Read more about her growing up in the film industry as the daughter of producer John H. Starke and Close and what she has planned for the future #wwdeye (📷: @nataliamantini)
@asics is launching a new streetwear sneaker inspired by its latest ambassador, @steveaoki. The Hyper-Kenzen x Aoki, which will launch at @footlocker stores exclusively tomorrow, is a slip-on style that incorporates the brand’s proprietary Gel technology through beads integrated into the midsole for comfort and endurance. Read the full story on WWD.com.