Charles Sternberg, Assistant Editor05.19.21
The Estée Lauder Companies Inc. has completed the first phase of increasing its ownership in Deciem Beauty Group Inc., the Canadian-based, vertically integrated, multi-brand company.
The Estée Lauder Companies now owns approximately 76% of Deciem (up from 29%), and 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.
Known as “The Abnormal Beauty Company,” Deciem is an industry disruptor with a consumer-focused approach. It was founded in 2013 by the late Brandon Truaxe, who set out to change the beauty industry through authenticity and transparency. He developed the company alongside founder, Pasquale Cusano, and co-founder, Nicola Kilner, who is continuing as CEO of Deciem.
Deciem’s portfolio currently encompasses six brands, including The Ordinary, an internationally popular skin care brand with community- and referral-driven buzz. Deciem also owns Niod, Hylamide, The Chemistry Brand and others.
The Estée Lauder Companies now owns approximately 76% of Deciem (up from 29%), and 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.
Known as “The Abnormal Beauty Company,” Deciem is an industry disruptor with a consumer-focused approach. It was founded in 2013 by the late Brandon Truaxe, who set out to change the beauty industry through authenticity and transparency. He developed the company alongside founder, Pasquale Cusano, and co-founder, Nicola Kilner, who is continuing as CEO of Deciem.
Deciem’s portfolio currently encompasses six brands, including The Ordinary, an internationally popular skin care brand with community- and referral-driven buzz. Deciem also owns Niod, Hylamide, The Chemistry Brand and others.
