Estée Lauder in discussions over possible combination with Puig

Estée Lauder is in talks about a potential business combination with Spanish beauty group Puig. In a statement, the US-based skin care, makeup and fragrance company confirmed that it is in “discussions regarding a potential business combination with Puig, in which the two companies would potentially merge their businesses”. The group warned: “No final decision has been made, and no agreement has been reached. Unless and until an agreement is signed between the companies, there can be no assurances regar ...