Estee Lauder still open to acquisitions after failed Puig talks, CEO says

An Estee Lauder merger with Jean Paul Gaultier-owner Puig failed to go through because of the ​price tag, Stephane de La Faverie, President ‌and CEO of the U.S. cosmetics maker said on Tuesday, but added the company was still open to acquisitions ​if they made financial sense.