New York/London/Madrid | US cosmetics giant Estee Lauder is in talks to combine with Spanish beauty group Puig, which is behind designer brands including Jean Paul Gaultier and Dries Van Noten, to create a company worth more than $US40 billion ($57.2 billion).
Both companies on Monday (Tuesday AEDT) separately confirmed they were holding discussions over a potential “business combination”. However, they stressed that no final decisions had been made, and an agreement was yet to be reached.
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Financial Times
