L’Oréal may not stay the world’s No. 1 cosmetics group forever. LVMH could eventually gobble up all or parts of the Estée Lauder Companies (ELC) even though the French luxury giant has denied any interest – for now, as Miss Tweed reported last week. Competition from rival groups Coty, Shiseido, Interparfums and Puig is set to intensify and new challengers are emerging such as Cartier owner Richemont and French luxury group Kering.
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