{"id":70616,"date":"2026-05-22T10:39:14","date_gmt":"2026-05-22T14:39:14","guid":{"rendered":"https:\/\/tvdelmarva.com\/wp\/cosmetics-giant-estee-lauder-calls-off-merger-discussions-with-spanish-company-puig\/"},"modified":"2026-05-22T10:39:14","modified_gmt":"2026-05-22T14:39:14","slug":"cosmetics-giant-estee-lauder-calls-off-merger-discussions-with-spanish-company-puig","status":"publish","type":"post","link":"https:\/\/tvdelmarva.com\/wp\/cosmetics-giant-estee-lauder-calls-off-merger-discussions-with-spanish-company-puig\/","title":{"rendered":"Cosmetics Giant Estee Lauder Calls Off Merger Discussions with Spanish Company Puig"},"content":{"rendered":"\n
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Beauty industry giant Estee Lauder has called off acquisition discussions with Spanish fragrance company Puig, ending negotiations that could have brought together major cosmetic brands including MAC, Clinique, Charlotte Tilbury and Jean Paul Gaultier.<\/p>

The New York-based cosmetics company had acknowledged the discussions in March, though officials stated at that point no deal had been finalized with the Spanish firm that has operated for over a century.<\/p>

“We are grateful for the conversations we have had with Puig,” Estee Lauder CEO St\u00e9phane de La Faverie said in a prepared statement late Thursday. “Today, we are reiterating our confidence in the power of our incredible brands, our talented teams, and our strength as a standalone company.”<\/p>

In February 2025, the cosmetics company announced potential workforce reductions affecting up to 7,000 positions through fiscal 2026, representing more than 11% of its total employees. De La Faverie had described the changes as part of efforts to make Estee Lauder “leaner, faster, and more agile” in its operations.<\/p>

The Spanish company Puig manages various makeup, skincare and fragrance labels including Nina Ricci, Jean Paul Gaultier and Dr. Barbara Sturm. Puig became a publicly traded company on Madrid’s stock exchange in early 2024.<\/p>

Following news of the terminated merger talks, Estee Lauder’s stock price surged more than 12% during Friday morning trading.<\/p>","protected":false},"excerpt":{"rendered":"

Beauty industry powerhouse Estee Lauder has terminated acquisition talks with Spanish fragrance company Puig that would have combined major brands like MAC and Clinique under one corporate umbrella. The New York-based cosmetics company’s CEO expressed confidence in remaining independent despite recent workforce reduction plans.<\/p>\n","protected":false},"author":4,"featured_media":70615,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[834],"tags":[],"class_list":["post-70616","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/tvdelmarva.com\/wp\/wp-content\/uploads\/2026\/05\/news-1779460754534.jpg?fit=1000%2C602&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/pbtNqq-imY","jetpack-related-posts":[{"id":41687,"url":"https:\/\/tvdelmarva.com\/wp\/beauty-giant-estee-lauder-in-merger-talks-with-spanish-company-puig\/","url_meta":{"origin":70616,"position":0},"title":"Beauty Giant Estee Lauder in Merger Talks with Spanish Company Puig","author":"Admin","date":"March 24, 2026","format":false,"excerpt":"Cosmetics powerhouse Estee Lauder has acknowledged ongoing discussions about a potential merger with Spanish beauty company Puig. The deal would bring together popular brands like MAC, Clinique, and Jean Paul Gaultier under one corporate umbrella, potentially creating a $40 billion beauty empire.","rel":"","context":"In "Business"","block_context":{"text":"Business","link":"https:\/\/tvdelmarva.com\/wp\/category\/business\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/tvdelmarva.com\/wp\/wp-content\/uploads\/2026\/03\/news-1774355840809.jpg?fit=1000%2C614&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/tvdelmarva.com\/wp\/wp-content\/uploads\/2026\/03\/news-1774355840809.jpg?fit=1000%2C614&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/tvdelmarva.com\/wp\/wp-content\/uploads\/2026\/03\/news-1774355840809.jpg?fit=1000%2C614&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/tvdelmarva.com\/wp\/wp-content\/uploads\/2026\/03\/news-1774355840809.jpg?fit=1000%2C614&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":48394,"url":"https:\/\/tvdelmarva.com\/wp\/beauty-giants-estee-lauder-and-puig-set-to-meet-for-potential-mega-merger-talks\/","url_meta":{"origin":70616,"position":1},"title":"Beauty Giants Estee Lauder and Puig Set to Meet for Potential Mega-Merger Talks","author":"Admin","date":"April 7, 2026","format":false,"excerpt":"The founding families behind cosmetics powerhouse Estee Lauder and Spanish beauty company Puig are scheduled to meet in New York this week to discuss a potential business merger. The deal could create the world's largest premium beauty company, combining iconic brands like Tom Ford, Carolina Herrera, and Clinique under one\u2026","rel":"","context":"In "Business"","block_context":{"text":"Business","link":"https:\/\/tvdelmarva.com\/wp\/category\/business\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/tvdelmarva.com\/wp\/wp-content\/uploads\/2026\/04\/news-1775571697592.jpg?fit=450%2C279&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":70246,"url":"https:\/\/tvdelmarva.com\/wp\/beauty-giants-estee-lauder-and-puig-call-off-40-billion-merger-talks\/","url_meta":{"origin":70616,"position":2},"title":"Beauty Giants Estee Lauder and Puig Call Off $40 Billion Merger Talks","author":"Admin","date":"May 21, 2026","format":false,"excerpt":"American cosmetics company Estee Lauder and Spanish beauty firm Puig announced Thursday they have ended discussions about a potential merger. The proposed deal would have created a $40 billion luxury beauty conglomerate to compete with industry leader L'Oreal.","rel":"","context":"In "Business"","block_context":{"text":"Business","link":"https:\/\/tvdelmarva.com\/wp\/category\/business\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/tvdelmarva.com\/wp\/wp-content\/uploads\/2026\/05\/news-1779398667456.jpg?fit=450%2C300&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":41600,"url":"https:\/\/tvdelmarva.com\/wp\/beauty-giant-merger-could-create-40-billion-company\/","url_meta":{"origin":70616,"position":3},"title":"Beauty Giant Merger Could Create $40 Billion Company","author":"Admin","date":"March 24, 2026","format":false,"excerpt":"Spanish beauty company Puig saw its stock price soar 16% following news of potential merger discussions with cosmetics giant Estee Lauder. The proposed deal would combine major beauty brands like Tom Ford, Carolina Herrera, and Clinique under one corporate umbrella.","rel":"","context":"In "Business"","block_context":{"text":"Business","link":"https:\/\/tvdelmarva.com\/wp\/category\/business\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/tvdelmarva.com\/wp\/wp-content\/uploads\/2026\/03\/news-1774344237041.jpg?fit=450%2C283&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":70716,"url":"https:\/\/tvdelmarva.com\/wp\/40b-beauty-deal-collapses-after-heated-phone-call-between-executives\/","url_meta":{"origin":70616,"position":4},"title":"$40B Beauty Deal Collapses After Heated Phone Call Between Executives","author":"Admin","date":"May 22, 2026","format":false,"excerpt":"A massive $40 billion merger between U.S. cosmetics giant Est\u00e9e Lauder and Spanish perfume company Puig collapsed Thursday after months of negotiations. The deal fell apart due to leaked information, family disagreements, and demands from beauty brand founder Charlotte Tilbury regarding her ownership stake.","rel":"","context":"In "Business"","block_context":{"text":"Business","link":"https:\/\/tvdelmarva.com\/wp\/category\/business\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/tvdelmarva.com\/wp\/wp-content\/uploads\/2026\/05\/news-1779474229361.jpg?fit=450%2C338&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":75387,"url":"https:\/\/tvdelmarva.com\/wp\/estee-lauder-ceo-says-company-open-to-future-deals-after-puig-talks-fall-through\/","url_meta":{"origin":70616,"position":5},"title":"Estee Lauder CEO Says Company Open to Future Deals After Puig Talks Fall Through","author":"Admin","date":"June 2, 2026","format":false,"excerpt":"Cosmetics giant Estee Lauder's potential merger with Jean Paul Gaultier-owner Puig collapsed due to pricing disagreements. 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