US cosmetics company Estee Lauder is reportedly in talks over a potential merger with the Spanish group Puig, the owner of brands including Jean Paul Gaultier and Rabanne.
As one of the world's largest manufacturers of skin care, makeup and fragrances, Estee Lauder's portfolio includes Clinique, Bobbi Brown and pharmacy favourites Deciem and The Ordinary, while Puig has several fragrance brands on its books.
No details about the potential merger have been finalised, so it is unclear what this will mean for future of Estee Lauder and Puig and their brands.
The share market has had a mixed reaction, with Estee Lauder closing 8% down at the end of trading on the day of the announcement and Puig closing stronger.
The above article was sent to subscribers in Pharmacy Daily's issue from 26 Mar 26
To see the full newsletter, see the embedded issue below or CLICK HERE to download Pharmacy Daily from 26 Mar 26
