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EL brass shoots down takeover rumors.
August 29, 2017
By: TOM BRANNA
Editor
Like Loch Ness Monster or Bigfoot sightings, and even those creepy clowns that seem to pop up every Halloween, Estée Lauder brass must tamp down rumors of its acquistion on a regular basis. After there was talk that P&G, L'Oréal and Unilever were all ready to bid as much as $40 billion for the US leader in prestige cosmetics (not bad for a company with sales of less than $12 billion), Chairman William P. Lauder and CEO Fabrizio Freda issued the following internal memo to their employee...
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