Estee Lauder Cos. , the maker of Clinique and Bobbi Brown cosmetics, agreed to acquire Smashbox Beauty Cosmetics Inc. to boost sales among women ages 18 to 35, who buy its products in shops such as Sephora.
Estee Lauder Cos. , the maker of Mac cosmetics and Clinique skin care, fell the most in more than three months in New York trading after providing a full-year profit forecast that trailed analysts’ projections.
Procter & Gamble Co. Chief Executive Officer Bob McDonald should pursue skin-cream maker Beiersdorf AG or Estee Lauder Cos. as he seeks to add international brands, according to Deutsche Bank AG’s William Schmitz .
Bloomberg Markets’ inaugural list of the world’s richest people showcases the billionaires who pull the levers on the global economy. Their net worth totals $2.7 trillion, about the size of the gross domestic product of France, the fifth-biggest economy on the planet.