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L'Oreal, Estée Lauder, Shiseido have also put in bids to buy the cosmetics company, reports say.
April 28, 2020
By: Beauty Packaging Staff
Unilever and Puig are competing to purchase Charlotte Tilbury Cosmetics, Bloomberg reports. L’Oreal, Estée Lauder, and Shiseido also made bids, the article states. The UK-based company could be worth $1.2 billion. Rumors of the sale were swirling last year. The company is working with advisers at Goldman Sachs Group and Jefferies Financial Group — and we might expect the buyer to be chosen in May. The company’s founder, celebrity makeup artist Charlotte Tilbury, recently participated in this video for BeautyUnited to help healthcare workers. Photos: The PillowTalk Collection via Charlotte Tilbury
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