Estée Lauder and Puig in Talks to Create Cosmetics Giant
The Big Market Report Take
Estée Lauder said it’s in talks to buy Puig in a deal that would create a cosmetics giant with about $20 billion in annual sales. A takeover of the Spanish company would give Estée Lauder perfume and fashion brands such as Rabanne, Jean Paul Gaultier and Carolina Herrera. Bloomberg's Angelina Rascou
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