Estée Lauder and Puig in Talks to Form $20 Billion 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 combine Estée Lauder's skincare dominance with Puig's prestige fragrance and fashion portfolio, creating a global entity with $20 billion in annual sales.