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

Uber sues Los Angeles authorities over user data collection

Google Introduces New Coronavirus Website

WHO Warns That The Youth Are ‘Not Invincible' To The Novel Coronavirus

Chinese software company learns to recognize 95% of masked faces

World's largest retailer to use 5G for medical services

SpaceX Receives Approval To Create Research & Manufacturing Facility In Los Angeles

JPMorgan: Transition to e-money will be based on blockchain

Tesla In Advance Talks With CATL For Using Lithium Batteries

Financial giants and US government turn to quantum computers

Long Way To Go For Coronavirus Vaccine, Say Drgumakers

World Politics

World & Politics

US Ambassador To UK Holds China Responsible For Global Spread Of Coronavirus

China to lift quarantine in Wuhan on April 8

Canada, Australia refuse to send athletes to Olympics 2020

Plans For A Possible Delay Of Olympics Being Formulated By Tokyo Organizers: Reuters

Maduro says Venezuela will receive UN assistance to fight coronavirus

2 Million Masks For Coronavirus Crisis In Europe Donated By Jack Ma

National Emergency Declared In The US By Donald Trump Over Coronavirus

China: Coronavirus epidemic peak is over