Estee Lauder (EL) is working with Evercore (EVR) to review its portfolio of beauty brands as the company transitions to new management, Bloomberg’s Crystal Tse and Pamela Barbaglia report ...
New York-based Estée Lauder is working with Evercore Inc. on the review, which could lead to the sale of some brands, according to the people, who asked not to be identified discussing ...
Estee Lauder and Evercore did not immediately respond to Reuters' requests for comment. The Clinique and MAC lipstick parent withdrew its annual sales and profit forecasts and cut its dividend in ...
Ahead of the company’s earnings on Feb 4, Estée Lauder has said that they are reviewing their portfolio of brands and working with Evercore to explore a sale of some of these brands.
It was also reported last week that Lauder had hired consultancy Evercore to assess its current brand portfolio, with continued speculation that it could look at divestments. When asked about the ...
The company’s shares were flat in premarket trading. The company’s stock has declined 45% over the last 12 months.