It is reported that Puig and the founding family of Estée Lauder will meet to discuss a potential merger.

Glonghui April 7｜According to Reuters, citing sources familiar with the matter, the founding family of Spanish beauty group Puig and the founding family of US cosmetics giant Estée Lauder will meet in New York this week to negotiate terms of a potential business merger. Reportedly, both parties aim to reach an agreement in the coming weeks. Last month, Puig and Estée Lauder stated that they were exploring a deal that would create the world’s largest premium beauty products company, including brands such as Tom Ford, Carolina Herrera, Rabanne, Jean Paul Gaultier, and Clinique.