Estee Lauder
Beauty Giants in Turmoil: Estée Lauder Shares Plummet as $20 Billion Puig Merger Talks Emerge
The global prestige beauty market was sent into a tailspin on Tuesday as The Estée Lauder Companies (NYSE: EL) officially confirmed it is in preliminary discussions for a massive $20 billion business combination with the Spanish luxury powerhouse Puig Brands (BME: PUIG). The announcement, which confirms weeks of industry speculation,