---
schema_version: "secwatch.filing_event.v1"
accession: "0001001250-24-000072"
form_type: "8-K"
ticker: "EL"
cik: "0001001250"
company_name: "ESTEE LAUDER COMPANIES INC"
filed_at: "2024-06-03T23:59:59+00:00"
generated_at: "2026-06-01T06:41:48.650197+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Estée Lauder completes DECIEM acquisition for ~$860M remaining stake

## Summary
- Closed purchase of remaining DECIEM interests on May 31, 2024 for estimated $860M cash.
- Total investment net of cash across three tranches approx $1.7B, subject to post-closing adjustments.
- DECIEM's The Ordinary ranks top two in prestige skin care in U.S. and Canada as of Q1 2024.
- The Ordinary is a scaling brand with net sales between $500M and $1B, expanding ELC's skin care portfolio.
- DECIEM also owns NIOD and AVESTAN; headquartered in Toronto with five in-house labs.

## SEC filing metadata
- accession: 0001001250-24-000072
- form_type: 8-K
- ticker: EL
- cik: 0001001250
- company_name: ESTEE LAUDER COMPANIES INC
- filed_at: 2024-06-03T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1001250/000100125024000072/0001001250-24-000072-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1001250/000100125024000072/el-20240603.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001001250-24-000072
- JSON: https://secwatch.observer/filing/0001001250-24-000072.json
- Plain text: https://secwatch.observer/filing/0001001250-24-000072.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.