Coronavirus hasn't stopped M&A speculation. According to Bloomberg, Unilever and Puig are competing to acquire Charlotte Tilbury. Other bids have allegedly been made by L’Oreal, Estée Lauder and Shiseido. Equity firms have also shown interest.
Further reading: Latest beauty acquisitions.
Charlotte Tilbury is estimated to sell for about $1.2 billion, per the report. A bidder is expected to be announced perhaps as early as May 2020.