Estée Lauder Eyes $11.6B Puig Acquisition to Forge $20B Beauty Powerhouse
Estée Lauder is in advanced discussions to acquire Spanish luxury house Puig Brands in a deal valued at approximately $11.6 billion. The merger would create a global cosmetics and fragrance leader with $20 billion in annual sales, significantly diversifying Estée Lauder's portfolio with iconic brands like Rabanne and Jean Paul Gaultier.