Estee Lauder Reaches For The Stars With Stila Purchase

Estee Lauder is gaining a piece of Hollywood with its acquisition of Los Angeles-based Stila Cosmetics. Founded by 35-year-old celebrity makeup artist Jeanine Lobell, the Stila brand consists of "stylish, wearable products" housed in environmentally conscious packaging. Terms of the Aug. 5 deal were not disclosed. The agreement is expected to close in August.