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Estée Lauder has its eye on millennials with $1.45bn deal

American beauty giant Estée Lauder is no stranger to M&A. The company, founded by its namesake in 1946, already owns a number of the beauty industry’s most popular and largest brands, including MAC, Clinique, La Mer and Jo Malone. However, it is the beauty powerhouse’s latest acquisition of cosmetics company Too Faced, for a reported $1.45bn, which has captured the interest of industry commentators.

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