Estée Lauder (EL.US) Confirms Merger Talks with Spain's Puig, Stock Plunges Nearly 8%

LootboxPhobia · 2026-03-24T01:01:30+00:00

Estée Lauder and Spanish beauty group Puig are in discussions regarding a potential merger, but no agreement has been reached. The news caused Estée Lauder's stock price to fall nearly 8%, while Puig's stock price rose approximately 3%. Estée Lauder is facing tariff pressures and is advancing business transformation, with full-year profitability expected to be impacted by $100 million.

LootboxPhobia

2026-03-24 01:01:30

Abstract generation in progress

Estée Lauder Companies (EL.US) announced on Monday that they are in talks with Spanish beauty group Puig regarding a potential merger. In a statement, Estée Lauder said, “No final decision has been made, and no agreement has been reached.”

Following the news, the American cosmetics company’s stock price dropped nearly 8%. Puig’s stock price rose about 3%.

Puig owns well-known beauty brands such as Charlotte Tilbury, Jean Paul Gaultier, and Rabanne. The two companies did not disclose specific financial terms of the potential deal.

Estée Lauder is currently facing ongoing challenges from tariffs and is also pushing forward with its “Reimagining Beauty” transformation plan to revitalize its business. In its second-quarter earnings report released last month, the cosmetics retailer stated that due to tariffs, it expects a $100 million impact on full-year profitability.

Since the beginning of this year, Estée Lauder’s stock price has declined approximately 25%.

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