Estée Lauder & Puig End Business Combination Talks

The Estée Lauder Companies Inc. and Puig have announced the termination of their discussions regarding a potential business combination, which were initially confirmed on March 23, 2026. Estée Lauder reiterated its confidence in its "Beauty Reimagined" strategic vision, emphasizing its focus on accelerating progress, leveraging its global portfolio of prestige beauty brands, and continuously evaluating its portfolio for growth opportunities, including potential acquisitions and divestitures. The company remains committed to driving sustainable sales growth, expanding profitability, and delivering a solid double-digit adjusted operating margin to create long-term value for stockholders.