Unilever, L'Oreal among firms looking to buy makeup brand Charlotte Tilbury - Bloomberg [Reuters]
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Source: Reuters
Unilever, L'Oreal among firms looking to buy makeup brand Charlotte Tilbury: Bloomberg (Reuters) - Unilever Plc ( ULVR.L ), L'Oreal SA ( OREP.PA ) and Estee Lauder Companies Inc ( EL.N ) are among firms vying to buy British makeup brand Charlotte Tilbury Beauty Ltd, Bloomberg reported here on Tuesday. The London-based brand, founded by makeup artist Charlotte Tilbury, is working with advisers at Goldman Sachs Group and Jefferies Financial Group, and could fetch more than 1 billion pounds ($1.24 billion), Bloomberg said, citing sources. Puig, the firm behind Penhaligon’s and Paco Rabanne perfumes brands, Japanese cosmetics-maker Shiseido Co Ltd ( 4911.T ) and several private equity firms have also shown interest in Charlotte Tilbury, according to the report. Charlotte Tilbury could choose a winning bidder as early as May, Bloomberg said, cautioning that no final decisions have yet been made and the talks may not materialize into a deal. L’Oreal and Unilever declined a Reuters r
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