Unilever interested in Estée Lauder

Unilever interested in Estée Lauder
Shutterstock

Increasing rumours say that cosmetics company Estée Lauder may be up for sale and that there are a number of interested parties, including L’Oréal and Unilever.

Stronger against acquisition attempts

3G and Berkshire Hathaway will also probably launch a joint bid: these two investment firms also own Kraft Heinz. JAB, which just sold shoe brand Jimmy Choo, is also a candidate.

 

Everyone who is considering a bid, will have to take the Lauder family into consideration. It may only have a 40 % stake in the company, but it still controls 90 % of voting rights.

 

Unilever hopes an Estée Lauder acquisition will help it increase its size and make it a more difficult target for companies interested in Unilever, like Kraft Heinz several months ago. The company refused to comment on the rumours. Estée Lauder is currently valued at 34 billion euro.

Questions or comments? Please feel free to contact the editors


Gerelateerde items

Unilever will cut jobs at Belgian retail sales team

22/01/2018

Unilever Belgium will restructure its team of store representatives and cut eleven jobs. The company confirmed that to RetailDetail.

Richemont wants to gain full control over Yoox Net-a-Porter

22/01/2018

Swiss luxury group Richemont proposed to obtain a majority stake in online retailer Yoox Net-a-Porter. The move is a way to implement its online strategy faster.

Will Unilever acquire tonic brand Fever-Tree?

19/01/2018

Tonic brand Fever-Tree appointed a new director, Kevin Havelock. Considering he leads Unilever’s sodas division, there is speculation that Unilever may acquire Fevertree Drinks and that has boosted its share.

LensGroup acquires two German web shops

18/01/2018

Belgian LensGroup, which owns lens web shop LensOnline, has acquired two German competitors.The entry on the German market means the company is now active in five European countries.

Nutella acquires Nestlé's American chocolate division

17/01/2018

Nestlé and Ferrero struck a deal regarding the former’s American chocolate division. The Nutella manufacturer will pay 2.4 billion euro to become the world’s third largest chocolate manufacturer. At the same time, Nestlé can turn its attention to healthier options in the United States.

Carrefour buys stake in Showroomprivé

12/01/2018

Carrefour has obtained a 17 % minority stake in flash sale seller Showroomprivé with the intent of increasing its digital and non-food reach. Former shareholder Conforama did suffer a loss.

Back to top