Around the Net

Estee Lauder Denies Takeover Rumors

“The Estee Lauder Companies is not for sale,” Executive Chairman William Lauder and Chief Executive Officer Fabrizio Freda said to employees 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. A CNBC report said Procter & Gamble Co. might be interested in Estee Lauder.


Read the whole story at Bloomberg »

Next story loading loading..