The estÉe lauder companies increases ownership in deciem

New york--(business wire)--the estÉe lauder companies inc. (nyse: el) announced today that it has completed the first phase of increasing its ownership in deciem beauty group inc. (“deciem”), the canadian-based, vertically integrated, multi-brand company. the estÉe lauder companies (“elc”) 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. k
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