Thursday, September 7, 2017
Cosmetics giant Estée Lauder may be up for sale, and several parties – including multinational cosmetic companies, global investment firms and holding companies – are showing interest including L’Oréal, Unilever, 3G and Berkshire Hathaway, according to media reports.
The Estée Lauder Companies have denied they are for sale. The company has an estimated market value of almost $40 billion. While members of the Lauder family own about 40 per cent of the company, they control 90 per cent of voting rights.
If Unilever comes forward with a bid, it will be in hopes that an Estée Lauder acquisition will help it increase its size, making it a more difficult takeover target, according to media reports. Earlier this year, Kraft Heinz withdrew its bid to acquire Unilever.
Estée Lauder’s extensive list of beauty brands includes MAC, Aveda and Clinique.
|Send By E-Mail