
Puig and Estée Lauder Explore a Potential Beauty Industry Tie-Up
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.”,













