California-Based Skin Care Brand Developed
for Backstage and the Red Carpet Offers Innovative, Transformative
Treatment Masks For Radiant, Glowing Skin
The Estée Lauder Companies Inc. (NYSE:EL) announced today that
it has signed an agreement to acquire GLAMGLOW, the Hollywood skin
care brand focused on fast-acting treatment masks designed to
deliver stunning, camera-ready results. Terms of the deal were not
disclosed. The acquisition is expected to close in January
2015.
Founded in 2010 by Glenn and Shannon Dellimore, GLAMGLOW is a
global multi-award winning, Hollywood-inspired prestige skin care
brand, designed for men & women of all ages and all skin types,
offering an exclusive collection of high-end treatment masks that
help give skin a gorgeous, spotlight-ready glow. Originally known
as “Hollywood’s Boutique Secret” for its ubiquity on Hollywood
sets, GLAMGLOW now has a robust presence in global specialty-multi
channels, including Sephora and Douglas, and in select high-end
department stores, such as Neiman Marcus, Selfridges, Harvey
Nichols, Bloomingdale’s and, starting in January 2015,
Nordstrom.
“GLAMGLOW represents the ultimate in innovative facial masks,”
said Fabrizio Freda, President and Chief Executive Officer of The
Estée Lauder Companies. “Glenn and Shannon’s vision – to create
easy-to-use, effective products for camera-ready skin – has grown
into an incredible success. GLAMGLOW is a top performer in
specialty channels and effectively engages its devoted fans across
digital platforms. Its unique focus on facial masks strategically
complements our current prestige skin care offerings, and we are
thrilled to welcome Glenn and Shannon to our Company.”
“The Estée Lauder Companies embraces our brand philosophy that
skin care can be sexy, innovative and fun,” said GLAMGLOW
Co-Founders Glenn and Shannon Dellimore. “The Company has the scale
and vision to help bring the brand to its next phase of growth
while remaining true to the identity that we’ve worked so hard to
build. Having personally grown our brand every step of the way, we
could not imagine a better home for GLAMGLOW.”
The current GLAMGLOW line includes five easy-to-use mud-based
facial skin mask products, formulated with a patented TEAOXI®
leaf-steeping technology, to effectively brighten, hydrate, refine
or clear the skin. Each mask is specifically designed to address a
specific skin care concern: the original GLAMGLOW product,
YOUTHMUD®, exfoliates for anti-aging effects, while SUPERMUD® is a
clearing treatment formulated for problem skin. THIRSTYMUDTM
hydrates and POWERMUDTM deep cleanses, while BRIGHTMUD® eye
treatment visibly plumps and brightens the under eye area. In
January 2015, GLAMGLOW will launch a new range of ‘mud to foam’
daily cleansers. Additionally, GLAMGLOW offers various limited
edition products and gift sets.
William P. Lauder, Executive Chairman of The Estée Lauder
Companies, said: “Glenn and Shannon have built a highly successful,
sought-after skin care brand with a uniquely Hollywood point of
view. The Estée Lauder Companies embraces their entrepreneurial
spirit and vision, and is committed to sustainably growing the
brand while fostering the uniquely glamorous skin care story that
they’ve created. We are so pleased to welcome them to our
family.”
The brand will be overseen by John Demsey, The Estée Lauder
Companies Group President, responsible for Estée Lauder, M·A·C, Tom
Ford, Prescriptives, Bobbi Brown, Bumble and bumble, Jo Malone
London, La Mer, Smashbox, Aramis & Designer Fragrance brands,
Le Labo, and RODIN olio lusso.
The Estée Lauder Companies Inc. received financial advice from
Moelis & Company LLC and legal counsel from Lowenstein Sandler
LLP. GLAMGLOW received financial advice from The Sage Group and
legal counsel from Skadden, Arps, Slate, Meagher and Flom LLP.
The forward-looking statements in this press release, including
those in the quoted remarks and those relating to the expectations
for the acquired brand and the benefits of the acquisition, involve
risks and uncertainties. Factors that could cause actual results to
differ materially from those forward-looking statements include
current economic and other conditions in the global marketplace,
actions by retailers, suppliers and consumers, competition, the
satisfaction of closing conditions, the Company's ability to
successfully integrate the acquired business and/or implement its
long-term strategic plan, and those described in the Company's
annual report on Form 10-K for the year ended June 30, 2014.
About The Estée Lauder Companies Inc.
The Estée Lauder Companies Inc. is one of the world’s leading
manufacturers and marketers of quality skin care, makeup, fragrance
and hair care products. The Company’s products are sold in over 150
countries and territories under the following brand names: Estée
Lauder, Aramis, Clinique, Prescriptives, Lab Series, Origins,
M•A•C, Bobbi Brown, Tommy Hilfiger, Kiton, La Mer, Donna Karan,
Aveda, Jo Malone London, Bumble and bumble, Darphin, Michael Kors,
Flirt!, GoodSkin Labs, Tom Ford, Coach, Ojon, Smashbox, Ermenegildo
Zegna, Aerin Beauty, Osiao, Marni, Tory Burch, RODIN olio lusso and
Le Labo.
Investor Relations:Dennis D’Andrea, 212-572-4384orMedia
Relations:Alexandra Trower, 212-572-4430
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