Estee Lauder and Puig Discuss $40 Billion Beauty Merger
Estee Lauder and Puig are in merger talks to create a luxury beauty group worth $40 billion. The deal aims to challenge L'Oreal in premium fragrance markets.
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The Estée Lauder Companies Inc. is in talks to merge with PUIG BRANDS SA-B, a move that would create a beauty giant with a combined market capitalization of roughly $40 billion. This potential tie-up would bring together high-profile brands like Tom Ford and Clinique with Puig’s portfolio, which includes Carolina Herrera and Rabanne. The discussions come as the United States-based firm seeks to reverse a three-year decline in sales and market share.
