NEW YORK — The Estée Lauder Cos. and Kohl’s Department Stores are building an historic relationship in an effort to broaden their reach in the beauty business.
In a deal that is expected to be announced today, Lauder has formed a strategic alliance with the Menomonee Falls, Wis.-based Kohl’s to create and manage color cosmetics and skin care departments, including fixturing, in Kohl’s stores beginning in fall 2004. To develop this and other projects, Lauder has also created a division called Beauty Bank.
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