Lates News

There are market rumors that American beauty giant Este Lauder (EL.N) is planning to merge with Spanish beauty company PUIG. In response to these rumors, Este Lauder Group stated that the potential merger is "indeed under discussion" but no agreement has been reached at this time. Este Lauder Group's revenue for fiscal year 2025 was $14.326 billion, with a current market value of approximately $28.7 billion. PUIG owns perfume brands such as Byredo and Penhaligon's, as well as makeup brands like Charlotte Tilbury, and part of the fragrance business of some fashion brands. In 2025, it surpassed 5 billion euros in revenue for the first time, with a market valuation estimated to be around $10 billion.