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Estee Lauder and Deciem signage Estee Lauder is taking a controlling interest in Canadian beauty company Deciem. Photos: Shutterstock.com

At least six Canadian law firms are advising on the Estée Lauder Companies Inc. US$1 billion deal to take control of Canadian beauty phenom Deciem Beauty Group Inc.

Four years ago, the cosmetic giant acquired a 29% share of the Toronto-based brand and will now increase its ownership to approximately 76% by June 30, 2021. In a second-phase, Estée Lauder Companies (ELC) has agreed to purchase the remaining interests after three years at an unspecified price.

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Gail J. Cohen

Gail J. Cohen is the Toronto-based correspondent for Law.com International. She writes about lawyers and legal issues in Canada. Her coverage includes the business of law, global and domestic law firms, in-house legal departments and regulatory issues. She can be reached at [email protected]

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