Brands
Estée Lauder to fully acquire Indian luxury Ayurveda brand Forest Essentials
Move builds on 18-year partnership; Estée Lauder raised stake to 49 per cent in 2020
NEW YORK: The Estée Lauder Companies is moving to take full ownership of the Indian luxury skincare brand Forest Essentials, strengthening its bet on one of the world’s fastest-growing prestige beauty markets.
The US beauty giant said it has entered into an agreement to acquire the remaining stake in Forest Essentials, subject to regulatory approvals. The transaction is expected to close in the second half of 2026.
The move builds on an 18-year partnership between the two companies. Estée Lauder first invested in Forest Essentials in 2008, increasing its stake to 49 per cent in 2020.
Founded in 2000 by entrepreneur Mira Kulkarni, Forest Essentials has emerged as one of India’s leading prestige skincare brands, blending traditional Ayurvedic formulations with luxury retail experiences. The brand operates nearly 200 standalone stores and has built a reputation around what it calls “luxurious Ayurveda”.
Under the deal, Forest Essentials will remain headquartered in New Delhi, with Kulkarni continuing to lead the brand alongside her son Samrath Bedi, executive director.
The company will retain its vertically integrated operations in India, including Ayurveda-based research and development, local botanical sourcing and in-house manufacturing.
The Estée Lauder Companies president and chief executive officer Stéphane de La Faverie, said the deal marks a new phase in a long-standing partnership.
He said the company aims to strengthen Forest Essentials’ leadership in India while expanding the brand internationally through Estée Lauder’s global distribution and brand-building capabilities.
For Estée Lauder, the acquisition reflects a broader push into India’s fast-expanding prestige beauty segment. The group already sells 14 brands across skincare, makeup, fragrance and haircare in the country.
With the addition of Forest Essentials to its portfolio, the company expects India to become its largest emerging market.
Kulkarni said the partnership would help take the principles of Ayurveda to a global audience while preserving the brand’s heritage and identity.
The deal also aligns with Estée Lauder’s strategy of backing founder-led brands rooted in culture and heritage, while providing global scale.
The company has invested more than $14 million in social programmes in India, supporting initiatives in health, education and leadership through partnerships with local organisations.
Brands
Malaika Arora launches Maejoy accessories brand with Myntra partnership
New label debuts with 250 plus handbags and lab grown diamond jewellery.
MUMBAI: When style meets sparkle, a new brand is ready to take centre stage. Actor and entrepreneur Malaika Arora has launched a lifestyle accessories label called Maejoy, developed in collaboration with Exceed Entertainment and Myntra Jabong India Private Limited (MJIPL), the B2B wholesale arm of Myntra. The brand enters the market with a debut collection of more than 250 styles spanning handbags and lab grown diamond jewellery, two categories that continue to define everyday personal style for modern consumers.
The handbag lineup includes crossbody bags, structured shoulder bags, bucket bags, totes, backpacks, clutches and workwear inspired designs. The pieces are crafted using materials such as synthetic leather, raffia, braids, satin, rhinestones and metallic finishes.
Alongside the bags, Maejoy has introduced a jewellery range featuring lab grown diamond rings, earrings, pendants, bracelets and tennis bracelets. The pieces are set in 925 sterling silver bases with gold, silver and rose gold tones, and include diamonds certified by IGI and GCI.
Positioned as a premium yet accessible accessories label, Maejoy is built around the philosophy “The Joy of Being Me”, aiming to blend aspirational fashion with everyday usability. The brand’s positioning centres on three pillars: authenticity, empowerment and accessibility.
Arora described the venture as a natural extension of her long association with fashion and personal style.
“Maejoy is a labour of love. Throughout my career, whether on screen, in business or through personal style, I have always believed fashion should feel empowering yet effortless. The Joy of Being Me celebrates individuality while making global fashion trends more accessible,” she said.
MJIPL, CXO and head of house of brands Suman Saha said the brand brings together Arora’s style perspective with a strong opportunity in the accessible premium accessories segment.
“Maejoy combines Malaika Arora’s distinctive style sensibility with fashion forward designs that we believe will resonate strongly with consumers looking for elevated yet wearable accessories,” he said.
Exceed Entertainment CEO Afsar Zaidi added that building celebrity led brands requires balancing authenticity with market viability.
“Malaika commands respect both as a fashion icon and a businesswoman. Bringing her creative vision together with Myntra’s brand building expertise creates a strong foundation for Maejoy,” he said.
The collection is available exclusively on Myntra through its website and mobile app, making the brand accessible to millions of shoppers across India as it steps into the competitive lifestyle accessories space.
