NEW YORK — The Estée Lauder Companies has agreed to acquire By Kilian, the Paris-based prestige fragrance brand. No terms were disclosed.
Founded in 2007 by Kilian Hennessy, By Kilian has built a passionate global following with its distinctive emphasis on sensuous olfactive storytelling. Sold in more than 40 countries worldwide – primarily in North America, Europe and the Middle East – through immersive freestanding stores, select prestige department stores and perfumeries, By Kilian offers an exclusive “wardrobe” of scents that reflect Mr. Hennessy’s deep-rooted legacy of luxury and creativity. By Kilian’s current product offerings include fragrances, candles and other accessories, as well as exclusive collections available in certain regions. Elements of the brand’s packaging – including perfume bottles and candle holders – are meant to be kept as keepsakes, which is reflective of Kilian’s philosophy that true luxury should not be disposable.
“By Kilian is a perfect complement to our portfolio of prestige fragrances,” said Fabrizio Freda, President and Chief Executive Officer of The Estée Lauder Companies Inc. “Kilian has built a beautiful and sumptuous brand that elevates the art of perfume creation with elegance and uncompromising luxury. This acquisition gives our Company a strategic opportunity to continue to build upon our leadership in ultra-luxury fragrances. We are very excited to work closely with Kilian and the entire By Kilian team to continue building on the brand’s terrific success.”
“I could not imagine a better home for my brand,” said By Kilian founder and CEO Kilian Hennessy. “The Estée Lauder Companies not only understands the philosophy behind By Kilian – which is to bring perfumery back to the level of luxury that it enjoyed in the early 20th century – but also has the resources and support to help By Kilian continue to strategically grow by category, region and distribution. The Company has an incredible track record of nurturing entrepreneurial brands, and I’m thrilled to be partnering with them.”
“Kilian’s heritage of sophistication and luxury is a terrific match for The Estée Lauder Companies,” said William P. Lauder, Executive Chairman, The Estée Lauder Companies Inc. “One of our leading strengths is the ability to identify brands with unique positioning and nurture them to realize their full growth potential. We are so pleased to partner with Kilian to continue this legacy, and we welcome him and his team to our family.”
John Demsey, Executive Group President, The Estée Lauder Companies Inc., will add By Kilian to his portfolio, while continuing to oversee Clinique, M·A·C Cosmetics, Tom Ford Beauty, Prescriptives, Bobbi Brown, Jo Malone London, Smashbox, Aramis & Designer Fragrances, the Men’s Skincare Group, RODIN olio lusso, Le Labo, Editions de Parfums Frédéric Malle, GLAMGLOW.