Daily Management Review

Unilever Makes Bold Move To Bid For Estee Lauder


08/28/2017


Frontrunner of “beauty contest Estee Lauder”, Unilever still has some competition to face.



Unilever Makes Bold Move To Bid For Estee Lauder
Unilever, a giant of consumer goods, is the apparent topper in “US outfit” Estee Lauder’s “beauty contest” among other “rival bidders”.
 
The “Evening Standard” citing the “City sources”, has reported that the:
“Unilever was lining up a bid for Estee Lauder, motivated in part by a desire to bulk-up in order to dissuade Kraft Heinz from making another unwanted approach”.
 
Unilever, an “Anglo-Dutch” Company, will be facing some giants of beauty industry with potential competitors like Berkshire Hathaway, L'Oreal and 3G. Among other “possible suitors” were JAB, which currently owns the “Rimmel-to-Max Factor group Coty”. However, it is still to be seen if JAB is financially strong enough to withstand the bidding storm and emerge victorious.
 
While, the same report also added that the “Estee Lauder family” preserved the select from “any potential bidder” reserving “almost 90% of the company's voting rights” while owning forty percent of the company.
 
 
 
References:
www.digitallook.com







Science & Technology

Complete Computer System For Self Driving Cars Launched By Qualcomm

In A Lifetime We Could Accumulate 20Kg Micro-Plastic In Our Body

Creator Of The First 'Gene-Edited' Babies Of The World Gets 3 Year Jail Term In China

China to deploy giant Beidou global navigation system in 2020

VW Zwickau factory is getting ready for electric cars production

Airbus: Passenger hybrid aircraft to take off before 2035

Ocado To Introduce ‘Mini Robotic Warehouse’ With Standard Productivity

AB InBev’s Piled Up Alcohol Is ‘Too Good to Waste’

Ericsson Mobility forecasts nearly fourfold increase in mobile traffic by 2025

Elon Musk: We received 146,000 orders for Cybertruck

World Politics

World & Politics

Indonesia, UAE sign nearly $23B deal

US to respond to Iran’s attacks on US bases in Iraq

Irish Passport issues hit record in anticipation of Brexit

Reporters Without Borders calls to release Julian Assange

IMF allocates Ecuador $ 500 mln more to support reforms

French pension reform chief to resign

Poland refuses to join EU 2050 climate deal

EU to fight food waste