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Estee Lauder Holds to Forecasts, Mulls Acquisitions

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By: TOM BRANNA

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U.S. cosmetics giant Estee Lauder is maintaining its growth targets for the current year despite an economic slowdown in the United States and is on the look out for acquisitions, its chairman said on Friday. Fred Langhammer told French daily Les Echos that the world’s fifth largest cosmetics group had noted a slight weakening as store visits declined, but said that was not a cause for worry. The group, whose brands include cosmetics firms MAC and Clinique, achieves 60% of sales in the Uni...

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