Le Labo fans may soon see their favorite fragrance coming to many more counters near them. The "sensory lifestyle brand," which appeals to the same demographic that appreciates an artisanal handcrafted cocktail, has been acquired by beauty giant Estée Lauder Companies. Although details of the transaction were kept mum, Womens Wear Daily sources estimate that the conglomerate could've paid as much as $40-$60 million for the deal. This also marks the first major acquisition for Estée Lauder since 2010, when they added Smashbox to their portfolio of beauty brands.
“The Estée Lauder Cos. not only understands and respects the core elements of our business, but also has the resources to help us continue to grow into a more fully expressed sensory lifestyle brand," says Le Labo founders Fabrice Penot and Eddie Roschi. In other words, the world is going to be smelling--and spritzing--a lot more Santal 33 in the coming years.