Beauty Industry

Estee Lauder Cos. Is Open to M&A Opportunities

The company is exploring ways to expand its portfolio, sell less profitable brands, and introduce innovations.

In an interview with Bloomberg, Estee Lauder Companies said it is interested in strategic opportunities to expand and strengthen its business. 

The company said it is open to mergers and acquisitions to accelerate its business and return to profitability as it continues its restructuring process.

CEO, Stéphane de La Faverie, said the company is reviewing its brand portfolio, studying possible acquisitions and the possibility of divesting underperforming companies. 

ELC has recently discussed the sale of Too Faced, Smashbox, and Dr. Jart.

ELC is now in the second year of its restructuring plans. 

 ELC Advances Skin Longevity and Regenerative Aesthetics

Estee Lauder Reformulates Its Double Wear Foundation

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