Estée Lauder To Buy Editions De Parfums Frédéric Malle

(RTTNews) - Estée Lauder Companies Inc. (EL) said Friday that it has signed an agreement to acquire Editions de Parfums Frédéric Malle, the storied fragrance brand established by the iconic perfumer Frédéric Malle.

Terms of the deal were not disclosed.

Editions de Parfums Frédéric Malle offers a collection of exclusive, ultraluxury fragrances crafted by some of the world's most talented perfumers and personally curated by Malle, whose selections provide a range of timeless perfumes and home environment products to a discerning clientele of tastemakers and style icons.

Established in Paris in 2000, the current Frédéric Malle collection encompasses 21 fragrances created by 12 master perfumers from around the world.

The acquisition is expected to close in January 2015.

The brand will be overseen by John Demsey, Estée Lauder's Group President, responsible for the Estée Lauder, M·A·C, Tom Ford, Prescriptives, Bobbi Brown, Bumble and bumble, Jo Malone, La Mer, Smashbox, Aramis & Designer Fragrance brands, Le Labo and RODIN olio lusso.