Deciem news and archive

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...

Fashion

Estée Lauder Sues Deciem, Seeks To Remove Founder After 'erratic' Behaviour

The Estée Lauder Companies Inc. (EL) filed a lawsuit against popular skin-care company Deciem and its founder after he announced in a video on Instagram that he was temporarily shutting down all of its stores because of what he described as "major criminal activity.", according to the reports. Estée Lauder, which owns a minority stake in...