Another niche perfume brand bought up by a giant corporation

We have been reporting this snatching up of smaller niche fragrance brands for some time now because it shows just how powerful capitalism is and just how businesses need cash to flourish and expand. Or perhaps how the dream of founding a brand is to eventually sell it to a bigger stake? In any case, the latest news revolves around an interesting (and seemingly contradictory?) acquisition.

According to Fragrantica who reports based on the Business Wire reportage:

"Estee Lauder started to build a strong portfolio of prestige perfume brands with the aquisition of Tom Ford. Recently, Le Labo and Editions de Parfums Frédéric Malle have also come under EL control. Now, Kilian Hennessy -  the grandson of the founder of The LVMH Group - sold his brand to EL, although everyone was always hinting at the big support of LVMH behind By Kilian."



It's also reported on The Street Insider. (section Acquisitions/Mergers)

The Lauder Group portfolio currently includes: Estée Lauder, Aramis, Clinique, Prescriptives, Lab Series, Origins, Tommy Hilfiger, M·A·C, Kiton, La Mer, Bobbi Brown, Donna Karan New York, DKNY, Aveda, Jo Malone London, Bumble and bumble, Michael Kors, Darphin, Tom Ford, Smashbox, Ermenegildo Zegna, AERIN, Marni, Tory Burch, RODIN olio lusso, Le Labo, Editions de Parfums Frédéric Malle, GLAMGLOW, By Kilian.

My grumbling had began in 2013 when I lamented the "loss" to Big Market of L'Artisan Parfumeur and later Diptyque and Penhaligon's. And it was back then that I featured a true indie's views on how the market works and what lies in the future ahead. When Frederic Malle was bought by Lauder in 2015 the furore spread on online communities like wildfire. And Le Labo's acquisition too.

It's safe to assume that if your favorite fragrance niche brand is expanding, issuing more and more perfumes and accessory products (candles, linen sprays, hair scents etc.) it's bound to get sold very very soon! However if The Aesthetic Principle® should apply, fear not; you shouldn't feel guilty of fanning the fires of capitalism.

But let's revert to the case at hand. An originally LVMH company bought up by the Lauder Group. A company headed by someone related to LVMH bought up by the Lauder group. We live in interesting times!