Estée Lauder is continuing its shopping spree. The beauty conglomerate has snatched up famed French perfume brand Editions de Parfums Frédéric Malle, its third acquisition in less than a month. The deal closely follows Lauder's acquisitions of similarly niche, high-end beauty brands Le Labo, also a maker of fragrances, and Rodin Olio Lusso, which specializes in skincare.
Each Frédéric Malle collection features an assortment of perfumes by master perfumers, curated by Malle himself. A bottle of one of the precious scents can set you back upwards of $200. Fabrizio Freda, president and chief executive officer of the Estée Lauder Companies, describes the line as "the epitome of elegance," and "a true luxury brand that augments our portfolio of prestige beauty products."
Like Le Labo and Rodin, the brand will be overseen by John Demsey, group president of Estée Lauder.