The Ed.
Well-Known Member
Just like the rest of us around this time of year, it seems as if Estee Lauder has gone on a bit of a shopping spree recently. Their most recent purchase is hot indie skin-care brand GlamGlow. This is the fourth company they've acquired since October and means that the acquisition competition between Estée Lauder Cos. Inc. and LOréal USA is hotting up.
While details regarding the deal were not disclosed, there are rumours circulating in Wall Street that put the purchase price ranging from an initial $100 million or $125 million to a final possible payout of $200 million to $220 million.
There's no doubt GlamGlow is a savvy buy. Founded only four years ago, by Glenn and Shannon Dellimore, it is a Hollywood-inspired, prestige skin-care brand offering a collection of high-end, mud-based treatment masks. The surprise skincare hit is now available in about 88 countries globally, with nearly 6,500 doors serviced by a network of distributors. Not only is the brand thought to be pretty profitable, it's also Estee Lauder's way into the younger, hipper, cooler market and also gives them access to the red-hot facial mask market as well.
Until then geek on!
The Ed.
Shannon Dellimore Co-Founder & Joint CEO GlamGlow, Glenn Dellimore Co-Founder & joint CEO GlamGlow.
Image courtesy of Steve Eichner
While details regarding the deal were not disclosed, there are rumours circulating in Wall Street that put the purchase price ranging from an initial $100 million or $125 million to a final possible payout of $200 million to $220 million.
There's no doubt GlamGlow is a savvy buy. Founded only four years ago, by Glenn and Shannon Dellimore, it is a Hollywood-inspired, prestige skin-care brand offering a collection of high-end, mud-based treatment masks. The surprise skincare hit is now available in about 88 countries globally, with nearly 6,500 doors serviced by a network of distributors. Not only is the brand thought to be pretty profitable, it's also Estee Lauder's way into the younger, hipper, cooler market and also gives them access to the red-hot facial mask market as well.
Until then geek on!
The Ed.
Shannon Dellimore Co-Founder & Joint CEO GlamGlow, Glenn Dellimore Co-Founder & joint CEO GlamGlow.
Image courtesy of Steve Eichner
