By  on December 10, 2018

The Derek Lam beauty license has been acquired by the Premiere Group.

Right now, the Derek Lam beauty business consists of the Derek Lam 10 Crosby scent collection, which was introduced in 2015. That line consists of 10 fragrances and is sold at Nordstrom and Ulta Beauty. Terms of the deal were not disclosed, but industry sources estimated that right now, the business is doing about $2 million in sales.

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