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Estée Lauder ends merger talks with Gaultier owner Puig

The Guardian · May 22, 2026, 8:42 AM · Also reported by 4 other sources

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Sticking points to build beauty powerhouse included which family would hold balance of power, according to FTBusiness live – latest updates The US cosmetics company Estée Lauder has ended merger talks with its Spanish rival Puig to create a fashion and beauty retailer worth almost $40bn (£30bn/€34.5bn) after failing to agree which would hold the balance of power in the combined group.Estée Lauder is one of the world’s biggest manufacturers of skin care, makeup and fragrances with a portfolio that includes Clinique, Bobbi Brown and Tom Ford Beauty. Continue reading...

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Investing.com Puig shares drop 13% as Estee Lauder merger talks end Investing.com Puig shares fall after collapse of Estée Lauder merger talks Financial Times Estée Lauder and Puig end merger talks over creating beauty powerhouse Bloomberg Markets Estee Lauder-Puig Talks Collapse

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Estée Lauder ends merger talks with Gaultier owner Puig

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