US. Estée Lauder Companies said last week it had completed its acquisition of Laboratoires Darphin, the Paris-based producer, from André Bénet and his family. Terms of the deal were not disclosed.
Darphin is a well-established brand in prestige skincare, generally the most profitable category in the business. Founded in 1958 by the world famous dermatological specialist Pierre Darphin, the company formulates products with a high concentration of active natural ingredients and a carefully chosen blend of pure essential oils. It was a European forerunner in applying the benefits of aromatherapy to skin care, now with 80 different products in over 50 countries through high-end independent pharmacies in Europe and specialty stores worldwide.
Commenting on the transaction, Estée Lauder ceo Fred Langhammer said: “Darphin is an important addition to our portfolio because it enhances our leadership in the vibrant skin care category to address the needs of an aging demographic around the world.”
André Bénet will remain as president of Darphin and will continue to direct its creative activities, manufacturing and to drive growth in existing distribution. He commented: “There is great synergy here. Our companies are a perfect complement to one another. By joining forces, we will be able to grow more quickly and share strengths. Both companies have a history and philosophy of high-quality products, selective distribution and attention to customers’ needs. I am excited to join this extremely talented group of brand builders.”
See also www.darphin.fr
