111skin is luxury skincare brand that was founded in 2021 driven and curated by professional doctors. The brand was created by London based certified plastic surgeons – Dr. Yannis Alexandrides and his wife, Eva Alexandridis. Estée Lauder on the other hand, is the second largest cosmetics company in the world after L’oreal. The company owns a diverse portfolio of brands, including La Mer, Jo Malone London, Clinique and Tom Ford Beauty, among many.
It was recently reported the Estee Lauder Companies has recently acquired a minority stake in 111Skin, the investment is said to help Estée Lauder Companies to continue focusing on backing science driven innovation.
“111SKIN exemplifies this shift, translating Dr. Alexandrides’ more than 35 years of surgical and aesthetic treatment experience into high-performance luxury skin care inspired by in-clinic treatments and built on clinical insight, next-generation actives, powerful formulas and proven efficacy. This investment, grounded in consumer-centricity and transformative innovation, reflects our Beauty Reimagined vision and underscores the significant opportunity we see to support the brand’s continued growth – expanding its global reach while preserving the distinctive approach that has made it so relevant with today’s consumers.” The Estee Lauder Companies said.
111skin’s co-founder said: “We are thrilled to be partnering with The Estée Lauder Companies and to unlock an exciting new chapter for 111SKIN,” CEO Vanessa Goddevrind also said; “We look forward to building on our momentum and driving future growth together,”
