Estée Lauder is in talks to merge with Puig amid ongoing turnaround plan
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Estée Lauder said Monday the company is in talks to potentially merge with Spanish beauty company Puig.
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In this article EL PUGBY Follow your favorite stocks CREATE FREE ACCOUNT An Estee Lauder pop-up store is seen inside daimaru Department Store on Nanjing Road Pedestrian street in Shanghai, China, August 6, 2021. Costfoto | Future Publishing | Getty Images Beauty company Estée Lauder Companies said Monday that it is in talks with Spanish beauty group Puig to potentially merge the two companies. "No final decision has been made, and no agreement has been reached," Estée Lauder said in a statement. Shares of the U.S. beauty company were down nearly 8% following the news, which was first reported by the Financial Times. Puig's stock rose roughly 3%. Puig owns major beauty brands including Charlotte Tilbury, Jean Paul Gaultier and Rabanne. The companies did not disclose any financial details of the potential deal. Estée Lauder has been struggling amid ongoing headwinds from tariffs and its restructuring as it enacts its "Beauty Reimagined" turnaround plan to revitalize the business. In its second-quarter earnings report last month, the beauty retailer said it's expecting a $100 million hit to its full-year profitability due to tariff impacts. Estée Lauder's stock has dropped roughly 25% this year. Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news. Subscribe to CNBC PRO Subscribe to Investing Club Licensing & Reprints CNBC Councils Select Personal Finance Join the CNBC Panel Closed Captioning Digital Products News Releases Internships Corrections About CNBC Site Map Podcasts Careers Help Contact News Tips Got a confidential news tip? We want to hear from you. Get In Touch CNBC Newsletters Sign up for free newsletters and get more CNBC delivered to your inbox Sign Up Now Get this delivered to your inbox, and more info about our products and services. Advertise With Us Please Contact Us Ad Choices Privacy Policy Your Privacy Choices CA Notice Terms of Service © 2026 Versant Media, LLC. All Rights Reserved. A V...
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