By  on November 18, 2019

The Estée Lauder Cos. Inc. is building up in Asia with a deal to buy full control of Seoul-based Have & Be. Co., bringing the Dr. Jart+ and Do The Right Thing brands fully into the fold. 

Lauder is buying the two-thirds of the company it doesn’t already own for about $1.1 billion. That gives Have & Be an enterprise value of about $1.7 billion. The deal, which will be paid for with debt, is expected to close in December and was made pursuant to the agreement Lauder cut when it took a minority stake in the company in 2015.

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