Estée Lauder ends merger talks with Gaultier owner Puig
Sticking points to build beauty powerhouse included which family would hold balance of power, according to FT
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The US cosmetics company Estée Lauder has https://www.theguardian.com/business/2026/mar/24/estee-lauder-jean-paul-gaultier-puig-merger-talks-us-spain">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 https://www.theguardian.com/fashion/beauty">Beauty.
https://www.theguardian.com/business/2026/may/22/estee-lauder-ends-merger-talks-gaultier-owner-puig">Continue reading...- 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 —
- Estee Lauder and Puig call off merger talks, keeping apart Clinique and Jean Paul Gaultier brands Associated Press —