Stake: LANXESS in ENVALIOR Joint Venture Remains Intact

LANXESS Confirms Stake in ENVALIOR

LANXESS has announced that it will not proceed with the acquisition of its stake in the ENVALIOR joint venture by Advent HoldCo in 2026. This decision reinforces LANXESS’s commitment to its role as a joint venture partner, ensuring continued collaboration in the venture.

Financial Stability of LANXESS

Despite the decision not to sell its stake, LANXESS is in a solid financial position. The company holds a strong cash position and has undrawn credit lines totaling more than EUR 1.35 billion. This financial stability allows LANXESS to maintain its active involvement in ENVALIOR without the necessity of immediate capital from a stake sale.

Background on ENVALIOR

LANXESS had initially tendered its stake in ENVALIOR back in September 2025, signaling a potential shift in its investment strategy. However, with this latest announcement, it is clear that LANXESS intends to remain a pivotal player in the joint venture, which has been crucial for both parties involved.

Estée Lauder’s Investment in Forest Essentials

In a related development, the Estée Lauder Companies has been increasing its stake in the Indian brand Forest Essentials, which was founded in 2000 by Mira Kulkarni. Estée Lauder first made a minority investment in Forest Essentials in 2008 and increased its stake to 49% in 2020. The acquisition is expected to close in the second half of calendar year 2026, marking a significant expansion of Estée Lauder’s portfolio.

Long-standing Partnership

The partnership between Estée Lauder and Forest Essentials has flourished over the past 18 years, built on mutual trust and respect. Stéphane de La Faverie, a representative from Estée Lauder, remarked, “Today marks a meaningful new chapter in a partnership built over the past 18 years on a foundation of mutual trust and respect.” This sentiment underscores the importance of the collaboration in the beauty industry.

Commitment to Heritage

Mira Kulkarni emphasized the brand’s dedication to authenticity and craftsmanship, stating, “Over the past 25 years, we have built this brand with an uncompromising commitment to the authenticity, craftsmanship and wisdom of our heritage.” This commitment is reflected in the brand’s growth, which includes 200 freestanding stores across various locations.

As LANXESS continues to solidify its position in the ENVALIOR joint venture, the developments with Estée Lauder and Forest Essentials highlight the dynamic nature of partnerships in the industry. Both companies are poised for future growth, with LANXESS maintaining its stake and Estée Lauder expanding its investment in a brand that resonates with consumers seeking authenticity.