Estee Lauder to acquire Have & Be in first Asian brand takeover

Estee Lauder to acquire Have & Be in first Asian brand takeover

Cosmetics products for use in skincare.

Estee Lauder Cos. agreed to buy the two-thirds of Have & Be Co., the South Korean owner of Dr. Jart+ cosmetics, that it didn’t already own for about $1.1 billion, its first acquisition of an Asian beauty brand.