Estée Lauder Continues International Growth in Skincare with Acquisition of Have & Be, Owner of Dr Jart+ Brand

Executive Summary

On November 18, 2019, The Estée Lauder Companies announced it will acquire Have & Be Co. Ltd., the parent company of Dr. Jart+ and men’s grooming brand Do The Right Thing.

• Estée Lauder announced it has signed an agreement to acquire the shares that it does not already own in Have & Be, a Seoul-based global skin care company behind Dr. Jart+ and men’s grooming brand Do The Right Thing.
• The company initially invested in Have & Be in 2015, and since then Dr. Jart+ has grown significantly and is expected to hit $500 million in net sales by the end of calendar year 2019.
• Dr. Jart+ is expected to help further strengthen The Estée Lauder Companies’ leadership position in skincare and will expand the company’s consumer reach in Asia Pacific, North America, the UK and in travel retail.