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MICHELLE CHAPMAN
Fri, May 22, 2026 astatine 8:44 AM CDT 1 min read
Estee Lauder and perfume shaper Puig person ended merger talks that would person perchance enactment brands similar MAC, Clinique, Charlotte Tilbury and Jean Paul Gaultier nether 1 roof.
Estee Lauder Cos. confirmed the discussions successful March but said astatine the clip that nary statement had been reached with the century-old Spanish company.
“We are grateful for the conversations we person had with Puig,” Estee Lauder CEO Stéphane de La Faverie said successful a prepared connection precocious Thursday. “Today, we are reiterating our assurance successful the powerfulness of our unthinkable brands, our talented teams, and our spot arsenic a standalone company."
The New York-based institution said successful February 2025 that it could perchance chopped arsenic galore arsenic 7,000 jobs by fiscal 2026, much than 11% of its workforce. De La Faverie said astatine the clip that Estee Lauder was transforming its operating exemplary to beryllium “leaner, faster, and much agile.”
Puig oversees makeup, tegument attraction and fragrance brands similar Nina Ricci, Jean Paul Gaultier and Dr. Barbara Sturm. The institution went nationalist connected the Madrid Stock Exchange successful aboriginal 2024.
Shares of Estee Lauder jumped much than 12% successful aboriginal trading Friday.
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