The estÉe lauder companies to increase its ownership in deciem

New york--(business wire)--the estÉe lauder companies inc. (nyse: el) announced today that it has entered into an agreement to increase its investment in the canadian-based, vertically integrated, multi-brand company, deciem beauty group inc. (“deciem”) from approximately 29% to approximately 76% (the “first phase”). the transaction is expected to close in the quarter ending june 30, 2021. the estÉe lauder companies inc. (“elc”) has agreed to purchase the remaining interests after a three-year
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