Puig and Estée Lauder merger moves closer as negotiations advance

Madrid – Since confirming on March 24 that they were in negotiations for a potential merger of their respective businesses, Puig and The Estée Lauder Companies have not provided any new official information. The only exception was a statement in which the Spanish company updated its financial calendar at the end of that week. This has not prevented information about the potential merger from being leaked since then, with varying degrees of bias and reliability. It is suggested that a definitive agreement could be announced “in the coming weeks”.