Le Labo Was Just Acquired by Beauty Giant Estée Lauder

Racked is no longer publishing. Thank you to everyone who read our work over the years. The archives will remain available here; for new stories, head over to Vox.com, where our staff is covering consumer culture for The Goods by Vox. You can also see what we’re up to by signing up here.

Estée Lauder has purchased cool New York-based fragrance brand Le Labo. Financial details of the transaction weren't disclosed, but WWD's sources suggest that Estée Lauder could've paid up to twice as much as Le Labo's annual retail sales, which are estimated at $20 million to $30 million. Le Labo calls itself a "slow perfumery," with made-to-order fragrances available in 35 retail locations around the globe. WWD notes that the last time Estée Lauder made a similar major acquisition was when it purchased Smashbox in 2010.
· Estée Lauder Cos. Inks Deal for Le Labo [WWD]
· 14 of the Best Summer Scents, From Classics to New Favorites [Racked]
· Quiz Time! Which Fash-un Girl Are You? [Racked]
· Which All-American Brands Keep Billions of Dollars Overseas? [Racked]