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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.
De La Faverie took over with Estée Lauder…
