Estée Lauder in Merger Talks With Puig to Form $40bn Beauty Giant
Estée Lauder Companies is in discussions over a potential merger with Spanish fragrance and fashion group Puig, in a move that could reshape the global beauty industry. If completed, the deal could create a combined company valued at around $40 billion, according to reports. However, Estée Lauder cautioned that negotiations are ongoing and no final…