All articles tagged with #esteelauder
Global markets swing with oil surging past $100 and stock/futures turning lower after Trump’s post about halting Iranian energy strikes, while Iran denies talks, fueling uncertainty. Gold falls deeper into bear territory as risk appetite wavers. In corporate news, Estée Lauder says it’s in talks with Puig, and OpenAI warns investors about Microsoft dependence in its financing/compute structure.
Estée Lauder Cos. and Puig confirmed they are in discussions regarding a potential business combination, with no final decision or agreement yet. A merger could fuse Lauder’s skincare and makeup portfolio with Puig’s fragrance and fashion brands (Rabanne, Carolina Herrera, Jean Paul Gaultier, Nina Ricci, Dries Van Noten) and perhaps accelerate growth in the Americas while boosting Puig’s fragrance strengths and Charlotte Tilbury presence. Puig’s CEO Jose Manuel Albesa recently took the helm from Marc Puig, and Lauder’s Stéphane de La Faverie is steering the company’s turnaround strategy. Investors reacted to the talks with a sell-off: Lauder shares fell about 7-8% to around $79, while Puig stock hovered near $15.57 after its IPO-era performance. Any deal remains uncertain until signed, and the two groups emphasize that no agreement has been reached.”,