Canada's most authoritative and exciting grocery b2b publication
Industry NewsIs Unilever hoping to acquire Estée Lauder?

Is Unilever hoping to acquire Estée Lauder?

3570-new_estee_lauder-9647979 

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.

Image: elcompanies.com

 

 

email-1471387 Send By E-Mail print-9329879 Print Article
delicious-1875212 yahoo-1458794 digg-6859122 live-6261059 http://sartech.ca/content/templates/GB_HeadlineNews.aspx?articleid=3570&zoneid=34“>twitter-1597330 facebook-1439449 technorati-6818103 reddit-1546767 furl-4417824 spurl-6732011 simpy-3025844

Follow us:

Recent Issues

Related Articles