Beauty Powerhouses Merge: Estée Lauder to Acquire Spain's Puig for $10B
Estée Lauder in talks to acquire Puig, the Spanish beauty conglomerate behind iconic brands like Carolina Herrera and Charlotte Tilbury, creating a global beauty industry leader.
In a move that would reshape the global beauty landscape, cosmetics giant Estée Lauder is in talks to acquire Puig, the Spanish beauty conglomerate behind iconic brands such as Carolina Herrera and Charlotte Tilbury. The potential deal, valued at around $10 billion, would create a powerhouse in the beauty industry, combining Estée Lauder's extensive portfolio with Puig's prestigious stable of luxury and prestige labels.
Puig, a family-owned business founded in 1914, has grown into a major player in the beauty and fashion industries, with a market value estimated at approximately $10 billion. In addition to its flagship Carolina Herrera and Charlotte Tilbury brands, the company also owns Paco Rabanne, Nina Ricci, and Dries Van Noten, among others. The acquisition would bolster Estée Lauder's position in the high-end and prestige beauty segments, complementing its existing lineup of iconic brands like Clinique, MAC, and La Mer.
Source: The Wall Street Journal
