Estée Lauder completes Forest Essentials buy, cements its big bet on India’s booming luxury beauty market

It produces, sells and distributes brands such as Estée Lauder, M·A·C, Bobbi Brown, Too Faced and Clinique. The acquisition is part of Estée Lauder’s broader push into emerging markets. It expects India to be one of the largest emerging markets and a “priority” market, including Brazil, Mexico, Indonesia, Malaysia, the Middle East, the Philippines, South Africa, Thailand and Türkiye.