NEW YORK--(BUSINESS WIRE)--Dec. 17, 2015--
The Estée Lauder Companies Inc. (NYSE:EL) announced today that it has
completed its investment in Have & Be Co. Ltd., the South Korean company
behind skin care brands Dr. Jart+ and Do The Right Thing. Terms of the
investment were not disclosed.
Launched online in 2005 by ChinWook Lee, Dr. Jart+ is a Seoul-based,
global high-growth skin care brand featuring quality and innovative
products designed to address specific skin care needs. The brand’s
unique fusion of dermatological science and art – as reflected in the
brand name, which is inspired by the phrase “Doctor Joins Art” – appeals
to a broad range of consumers, especially millennials. Dr. Jart+ is sold
in many countries around the world, primarily in Asia and the United
States, through various department stores, specialty-multi and
e-commerce channels including Sephora.
The Estée Lauder Companies’ investment also includes an interest in Do
The Right Thing (DTRT), a men’s-focused skin care brand that fuses
Korean innovation with a bold New York style. Founded by Mr. Lee in
2012, DTRT’s line of cleansers, lotions, moisturizers and serums are
sold in Korea through various channels and in the United States through
Sephora and BirchboxMan.
About The Estée Lauder Companies Inc.
The Estée Lauder Companies Inc. is one of the world’s leading
manufacturers and marketers of quality skin care, makeup, fragrance and
hair care products. The Company’s products are sold in over 150
countries and territories under brand names including: Estée Lauder,
Aramis, Clinique, Prescriptives, Lab Series, Origins, Tommy Hilfiger,
M·A·C, Kiton, La Mer, Bobbi Brown, Donna Karan New York, DKNY, Aveda, Jo
Malone London, Bumble and bumble, Michael Kors, Darphin, Tom Ford,
Smashbox, Ermenegildo Zegna, AERIN, Marni, Tory Burch, RODIN olio lusso,
Le Labo, Editions de Parfums Frédéric Malle and GLAMGLOW.
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Source: The Estée Lauder Companies Inc.
The Estée Lauder Companies Inc.
Media Relations:
Alexandra
Trower, 212-572-4430
or
Investor Relations:
Dennis
D’Andrea, 212-572-4384
