Estée Lauder nears deal to combine with Jean Paul Gaultier owner Puig
Tie-up between US and Spanish groups would create a $40bn beauty giant
Tie-up between US and Spanish groups would create a $40bn beauty giant
Deal includes rights to develop products under Gucci, Bottega Veneta and Balenciaga labels
JAB Holding-owned beauty group bought Procter & Gamble’s cosmetics division in 2015
US company objects to use of British entrepreneur’s name in her collaboration with Zara
Combination of US and Spanish companies would create $40bn fashion and beauty group
Cosmetics group’s chief also credits recovery in Chinese market as revenues in Europe and north Asia grow
Luca de Meo says agreement with L’Oréal will be first of several big moves to refocus luxury group on Gucci turnaround
