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.

The deal would create a global beauty giant, uniting brands such as Tom Ford, Bobbi Brown and Rabanne.

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