Estée Lauder shares dip as merger talks with Puig Brands surface, no deal finalized yet

Estée Lauder's stock fell 7.72% after the company announced it is in talks for a potential merger with Spanish luxury brand Puig Brands. No agreement has been reached, and the deal remains uncertain pending regulatory approvals and other conditions. Estée Lauder is a global leader in beauty products, while Puig has shown strong growth with revenues over €5 billion in 2025. Investors are watching closely as Estée Lauder continues its turnaround strategy and raises its fiscal outlook.