Industry Newsmergers and acquisitionsbeautyestee lauderpuig
Estée Lauder Explores Merger With Puig Forming Behemoth
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BofA Global Research flagged talks about a potential Estée Lauder–Puig combination in a Tuesday analyst note, saying no final decision has been made but projecting proforma 2026 revenues of $21.6 billion and EBIT of $2.8 billion. BofA estimates $50–$100 million in synergies, while markets reacted with Estée Lauder shares down 10% and Puig up 14%, and family voting control posing governance hurdles.
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