Estee Lauder Denies Takeover Rumors

NEW YORK, United States — Estee Lauder Companies said “there is no truth” to rumours that it’s in talks for a potential sale or merger.

“The Estee Lauder Companies is not for sale,” Executive Chairman William Lauder and Chief Executive Offer Fabrizio Freda said to employees Sunday in an internal memo, which was obtained by Bloomberg News. The family and the board place “great value in remaining independent,” the New York-based company said. Estee …
The Business of Fashion

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