The deal would create a global beauty giant, uniting brands such as Tom Ford, Bobbi Brown and Rabanne.
Tie-up between US and Spanish groups would create a $40bn beauty giant
La compañía reconoce a la CNMV negociaciones con el grupo estadounidense
Estée Lauder said Monday the company is in talks to potentially merge with Spanish beauty company Puig.
Shares of Puig Brands soared as much as 15% Tuesday after beauty peer Estée Lauder confirmed it is in talks about merging the two companies.
Combination of US and Spanish companies would create $40bn fashion and beauty group