10.01.21
According to a report from WWD, The Estée Lauder Companies is shutting down its designer fragrance division, which includes Aramis, Tommy Hilfiger, Michael Kors, Donna Karan, DKNY and Ermenegildo Zegna.
Aramis, ELC’s men’s line, will move into another division within the company. The other licenses will begin to end between now and 2023.
Michael Kors will enter into a new licensing agreement with EuroItalia, which also has the license for its fellow Capri Holdings brand, Versace. Inter Parfums Inc. has signed a licensing agreement for Donna Karan and DKNY beginning July 1.
Despite the closure, ELC will continue to have the license for several luxury fragrances including Tom Ford Beauty, Le Labo, Editions de Parfums de Frederic Malle, Jo Malone London Aerin, and Kilian Paris. In-house brands, including the namesake Estée Lauder and Clinique, also have fragrance lines of their own.
“We are proud of the long-term relationships we have built with our four designer fragrance licenses and deeply grateful to our employees, whose passion and commitment helped us build a successful designer fragrance division. We will work closely with our fashion house partners to ensure the best and most seamless transitions possible to support their bright futures,” the company said in a statement.
Aramis, ELC’s men’s line, will move into another division within the company. The other licenses will begin to end between now and 2023.
Michael Kors will enter into a new licensing agreement with EuroItalia, which also has the license for its fellow Capri Holdings brand, Versace. Inter Parfums Inc. has signed a licensing agreement for Donna Karan and DKNY beginning July 1.
Despite the closure, ELC will continue to have the license for several luxury fragrances including Tom Ford Beauty, Le Labo, Editions de Parfums de Frederic Malle, Jo Malone London Aerin, and Kilian Paris. In-house brands, including the namesake Estée Lauder and Clinique, also have fragrance lines of their own.
“We are proud of the long-term relationships we have built with our four designer fragrance licenses and deeply grateful to our employees, whose passion and commitment helped us build a successful designer fragrance division. We will work closely with our fashion house partners to ensure the best and most seamless transitions possible to support their bright futures,” the company said in a statement.