Estee Lauder-Puig Talks Collapse
The proposed multibillion-dollar tie-up between Puig and Estee Lauder fell apart due to makeup artist Charlotte Tilbury’s demands regarding her compensation in the deal, according to people familiar with the matter.
The news caught investors by surprise given discussions between the two had been progressing since March.
Bloomberg Opinion's Andrea Felsted has more.
Her opinions are her own. (Source: Bloomberg)
- Estée Lauder ends merger talks with Gaultier owner Puig The Guardian —
- Estee Lauder and perfume maker Puig end merger talks The Independent —
- Estée Lauder and Charlotte Tilbury owner walk away from merger talks City AM —
- Estée Lauder and Puig end merger talks to create beauty powerhouse Irish Times —
- Estée Lauder stock surged after the company called off merger talks with Puig Quartz —