The Estée Lauder Companies are preparing to sell makeup brands Too Faced and Smashbox along with Korean skincare label Dr. Jart as a package deal, sources told BoF.
The UK investment firm has agreed to purchase the clinical skincare label from Waldencast for $460 million, with co-founders Michel Brousset and Hind Sebti departing the beauty conglomerate to join Bridgepoint.
Mexico’s Productos Latina, the US’ Sarah Creal Beauty and Korea’s Borntostandout are among the 15 shortlisted brands for this year’s Global Awards in Napa Valley, California.
Just a few weeks ago, Estée Lauder Companies sequentially opened stores right next to each other on Prince Street for some of its biggest fragrance brands, including Frédéric Malle, Kilian Paris, Jo Malone and Tom Ford Beauty, creating its very own scent row.
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