Estée Lauder, a cosmetics firm, completed the acquisition of a 47% stake in DECIEM Beauty Group, a beauty brands holding company, for $1bn. The acquisition raised Estée Lauder's stake from 29% to 76%. “Over the last four years, we have built a truly special long-term partnership with the incredible DECIEM team, and we are excited for what the future holds. DECIEM is an exceptional company. Nicola and her team have built and cultivated authentic brands with highly effective, must-have products using a vertically integrated model, and have fostered a uniquely transparent and engaging communication style,” Fabrizio Freda, Estée Lauder President and CEO.