By  on October 3, 2019

The Drunk Elephant sale process may be nearing an end, according to industry sources.

According to multiple sources, final bids for the skin-care brand came in toward the end of September. Shiseido and the Estée Lauder Cos. Inc. are both said to still be involved in the process. A representative for Shiseido said the company does not comment on rumors or market speculation; a spokeswoman for Lauder also said the company does not comment on rumors. Drunk Elephant declined to comment.

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