Estée Lauder Discusses Acquisition of Puig, Owner of Jean Paul Gaultier

AI Summary

Estée Lauder is in discussions to acquire Spain's Puig, which owns fashion brands like Jean Paul Gaultier and Rabanne. This potential merger is part of Estée Lauder's strategy to expand its fragrance segment. No official terms of the deal have been disclosed yet. The acquisition, if successful, could have significant implications for the beauty industry and Estée Lauder's market positioning.