Under Carlyle, the company will explore growth opportunities, including the launch of women’s wear as well as further international expansion.
Manzanita Capital will continue to hold a minority stake in the business. The acquisition is expected to be completed in the coming weeks.
In three years, Lauder plans to buy the rest of the company at a to-be-determined valuation.
Most of beauty’s large strategics were relatively quiet in 2020, but in the year ahead, the action is expected to pick up again as they adjust to the changes wrought by COVID-19.
That company will be merged with Pool Service/Medavita to form Italy’s third-largest professional hair-care group.
Luxury eyewear brand LINDBERG discusses Danish design and its enduring ideation.