Estee Lauder Not Buying YSL BeauteRumors are that the Estee Lauder Cosmetics may acquire YSL Beaute. However, market sources sharply dismiss the possibility.
Rumors are that the Estee Lauder Cosmetics may acquire YSL Beaute. However, market sources sharply dismiss the possibility.
YSL Beaute includes the Yves Saint Laurent, Van Cleef & Arpels, Oscar de la Renta, Roger & Gallet, Alexander McQueen, Ermenegildo Zegna and Stella McCartney brands.
YSL Beaute is a part of Gucci Group – yes, the one that expelled Tom Ford which is in very good terms with Estee Lauder.
The division is quite profitable, according to market sources, even though YSL Beaute is not a core competency for Gucci Group.
Market sources estimate a company like YSL Beaute would sell for one-and-a-half to two times revenues. Last year, it generated sales of 630.4 million euros, or $765.7 million.
Spokeswomen for Estee Lauder and Gucci Group both declined all comment, citing their companies' policies against responding to market speculation.
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