Estée Lauder in talks with Puig to form $40bn beauty and fashion group
Lead: Estée Lauder Companies and Spain’s Puig entered talks in late March 2026 about a potential business combination that could create a roughly $40 billion beauty-and-fashion group. Both firms confirmed discussions but said no agreement or final decision has been reached. Markets reacted sharply: Puig shares jumped while Estée Lauder’s stock fell after investors flagged … Read more