Estée Lauder Eyes M&A Opportunities to Help Turnaround, CEO Says

Estée Lauder Cos. is open to acquisitions as the owner of the Jo Malone and Le Labo brands enters the second year of a turnaround plan under Chief Executive Officer Stéphane de La Faverie.

“We are looking at the portfolio, and we will always be part of the M&A discussion,” De La Faverie told Bloomberg TV on Monday. The focus is on accelerating growth and rebuilding profitability, he said, and that includes incubating and scaling new brands.

WATCH: Stéphane de La Faverie speaks on Bloomberg Television.

Source: Bloomberg

De La Faverie took over with Estée Lauder under pressure to bolster falling market share in the US and sluggish sales ...