Analysis: Estee Lauder overdue for acquisition

|By:, SA News Editor

Estee Lauder (EL) has gone almost three years without an acquisition to mark its longest stretch in 19 years, notes Bloomberg.

The company looks ripe to be in deal-making mood with its cash balance at a record high.

Analysts think a strong play into the men's skin-care category could be part of Estee Lauder's strategy.