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Estee Lauder in talks to acquire Puig to create beauty giant

Estee Lauder is reportedly in talks to acquire Spanish beauty and fashion house Puig Brands, a move that could create a cosmetics powerhouse with approximately $20 billion in annual sales. This potential deal would bolster Estee Lauder's portfolio with popular fragrance and fashion brands, enhancing its competitive standing against L'Oreal.

25 Mar 2026 12:43 am