Estée Lauder is set to acquire Le Labo (The Lab), a high-end fragrance and sensory lifestyle brand
Estée Lauder is set to acquire Le Labo (The Lab), a high-end fragrance and sensory lifestyle brand with an emphasis on personalisation.
Le Labo was founded in 2006 by fragrance industry veterans Fabrice Penot and Eddie Roschi. The brand has stores in New York, London, Paris, Los Angeles, San Francisco, Tokyo and Hong Kong, while it also retails in select prestige department stores and on the brand’s website. It sells fragrances, body care and candles.
Company president and CEO Fabrizio Freda said: “Le Labo is the perfect complement to our portfolio of prestige beauty brands.” He added: “Fabrice and Eddie have built a beautiful, incredibly unique brand with a focus on craftsmanship, personalisation and high-touch services. We look forward to collaborating closely with them to continue building on their extraordinary success with discerning global consumers.”
Le Labo co-founders Fabrice Penot and Eddie Roschi said: “The Estée Lauder Companies is the ideal home for us and for our brand. We founded Le Labo with the guiding principle that the soul of a fragrance comes from the intention with which it is created and the attention with which it is prepared. The Estée Lauder Companies not only understands and respects the core elements of our business, but also has the resources to help us continue to grow into a more fully expressed sensory lifestyle brand. The company has a strong track record of growing and nurturing prestige entrepreneurial brands and we love that they are so supportive of and committed to our vision.”
Terms of the deal, which is expected to close in November, were not disclosed.