Summary
Estée Lauder is in talks to potentially merge with Puig, a company known for its fragrances like Jean Paul Gaultier and Rabanne. The merger could create a $40 billion beauty company, but nothing has been finalized yet. Estée Lauder is trying to boost its business after cutting jobs last year.
Key Facts
- Estée Lauder and Puig are discussing a possible merger.
- Puig is known for owning Jean Paul Gaultier and Rabanne fragrances.
- A merger would create a company valued at about $40 billion.
- Estée Lauder has not made a final decision on the merger.
- Puig was founded in 1914 and remains family-controlled.
- Puig sells products in 150 countries and had over €5 billion in revenue in 2025.
- Estée Lauder started in 1946 and is the second largest cosmetics company after L'Oréal.
- Estée Lauder's shares dropped by nearly 8% after the merger news.
- Recent deals in the beauty industry include Hailey Bieber’s brand sold to e.l.f. Beauty and Kering selling its beauty business.
