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GateUser-bf5d0c14

2026-05-22 09:25:02

40 billion giant's dream shattered; Estée Lauder's sudden brake this time is quite intriguing.

View Original

MarsBitNews2026-05-22 09:15:09

Estée Lauder and Puig terminate merger talks; plans to form a beauty giant are abandoned

U.S. beauty giant Estée Lauder has ended merger talks with Spanish competitor Puig, a deal that was originally expected to create a beauty and fashion industry giant with a market value of nearly $40 billion. Estée Lauder said on Thursday that the two sides have terminated the acquisition negotiations, and Puig also confirmed that the talks have come to an end. (Sina Finance)

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