Prestige fragrance brand purchased by cosmetics giant
Estée Lauder has purchased prestige fragrance brand By Kilian. Terms of the deal have not been disclosed. By Kilian fragrances are sold in more than 40 markets worldwide, offering a variety of scents. Its current offering includes fragrances, candles and other accessories.
Fabrizio Freda, President and CEO at Estée Lauder, said: “By Kilian is a perfect complement to our portfolio of prestige fragrances. Kilian has built a beautiful and sumptuous brand that elevates the art of perfume creation with elegance and uncompromising luxury. This acquisition gives our company a strategic opportunity to continue to build upon our leadership in ultra-luxury fragrances. We are very excited to work closely with Kilian and the entire By Kilian team to continue building on the brand’s terrific success.”
William P Lauder, Executive Chairman at Estée Lauder, added: “Kilian's heritage of sophistication and luxury is a terrific match for The Estée Lauder Companies. One of our leading strengths is the ability to identify brands with unique positioning and nurture them to realize their full growth potential. We are so pleased to partner with Kilian to continue this legacy, and we welcome him and his team to our family.”