Estée Lauder Closes Acquisition of Forest Essentials, Expanding Presence in India's Growing Luxury Beauty Sector
The Estée Lauder Companies Acquires Remaining Stake in Forest Essentials
The Estée Lauder Companies has entered into an agreement to acquire the outstanding stake it does not already own in Forest Essentials, a leading Indian luxury beauty company. The transaction is expected to close in the second half of 2026.
According to Stéphane de La Faverie, president and chief executive officer of The Estée Lauder Companies, the acquisition is a strategic move to expand the company's presence in the luxury beauty market. The terms of the acquisition have not been disclosed.
The acquisition is subject to regulatory approvals and is expected to be completed in the second half of 2026. This move is expected to strengthen The Estée Lauder Companies' position in the global beauty market and expand its portfolio of luxury beauty brands.
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Investor Takeaway
Investors should consider the potential for Estée Lauder to expand its presence in India's growing luxury beauty sector.
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