"Estee Lauder is one of the world's biggest manufacturers of skin care, makeup and fragrances with a portfolio that includes Clinique, Bobbi Brown and Tom Ford Beauty."
"While there might be a crossover in customer base, there are distinct differences between the frequency of their product sales, said Dan Coatsworth, the head of markets at AJ Bell."
"Estee Lauder's share price is down 80% from an all-time peak in 2021. Analysts at Citigroup said that the potential merger comes at a time when the company is trying to see through a business turnaround."
Estee Lauder is negotiating a merger with Puig, aiming to form a $40bn entity in the fashion and beauty sector. Estee Lauder specializes in skincare, makeup, and fragrances, while Puig owns brands like Charlotte Tilbury and Carolina Herrera. Both companies confirmed discussions but provided no details on the merger structure. Shares in Puig rose 14% following the news. Analysts express concerns about the merger's timing, given Estee Lauder's ongoing business turnaround and significant share price decline since 2021, indicating potential complexities and risks.
Read at www.theguardian.com
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