By  on February 25, 2016
Leonard A. Lauder, Kilian Hennessy, Fabrizio Freda and William P. Lauder

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.

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