ELC news and archive

Estée Lauder and Nykaa launch incubator to support Indian beauty entrepreneurs

Estée Lauder has teamed up with Nykaa, one of India’s leading omnichannel beauty and lifestyle retailers, to launch an incubator to discover, spotlight, and propel the next generation of Indian beauty brands. The ‘Beauty&You India’ incubator, aims to help founders, innovators, and creators grow their businesses holistically by identifying brand...

Business

Estée Lauder ups stake in Deciem

The Estée Lauder Companies (ELC) has increased its 29 percent stake in Canadian-based multi-brand group Deciem to a majority stake of 76 percent. ELC said it has agreed to purchase the remaining interests after a three-year period “at a price that will be determined based on the future performance of Deciem”. Deciem was founded in 2013 by the...