Estée Lauder has already purchased a number of our favorite beauty brands, including MAC Cosmetics, Jo Malone, Tom Ford, and most recently, Smashbox. Now the industry behemoth is acquiring Le Labo, one of our favorite perfume companies (its inventive and utterly gorgeous fragrances are layerable, and it has the most lovely apothecary-inspired labels). Le Labo, which already has stores in New York, London, Paris, San Francisco, Tokyo, and Hong Kong, already has sales of up to $30 million annually, but backing from a well-known giant like Estée Lauder will certainly give the company an even more significant presence in international beauty. And as Estée Lauder CEO Fabrizio Freda said in a statement, Le Labo is the "perfect complement" to its current line-up of beauty brands. The deal is likely to close next month.
& Other Stories, H&M's younger sister, has finally hit the States! The women's lifestyle brand, which rolled out seven stores across Europe in just two months, has opened up a flagship store Soho, New York. The 6,400-square foot space is divided into four ateliers, each inspired by four different metropolitan cities--Paris, Stockholm, Berlin, and of course, New York. While the four collections aren't labeled shoppers will know which city is represented by the goods in each atelier: Paris has romantic, feminine pieces like beaded dresses and fringy chokers; the Stockholm collection is minimal and tailored; Berlin is full of tweeds; and New York is sophisticated with an edge. Animal prints tie each of the themed collections together. "It’s an interesting print to play with because you can do it in a really hipster-y kind of way, or you can do it in a crazy Italian way. You can do it in a French way, or you can do it in a New York way," said the store's ready-to-wear designer Behnaz Aram. But don't worry if you can't make it to New York to check out the store's cool layout or shop the city chic collections; & Other Stories also launched a US e-shop.