Financial News

Estée Lauder Could Offer $5.9 Billion Bid for Puig

Reports say beauty giant tapped J.P. Morgan & Chase Company for financial package.

Happi Top 50 Company The Estée Lauder Companies Inc. is getting closer to a possible deal  with Happi International Top 30 Company Puig, in which the two companies would potentially merge businesses.

Combining Estée Lauder with Puig would bring some of the world’s biggest beauty and fragrance brands under one roof.

According to reports, Spanish publication Expansión revealed that Estée Lauder commissioned J.P. Morgan Chase & Co. to structure a financing package for a merger of the companies.

Expansión noted the deal would offer around 5 ​billion euros ($5.89 billion) ​for its takeover bid ⁠of Spanish firm.

More on Puig

Puig’s portfolio includes Charlotte Tilbury, Carolina Herrera, Paco Rabanne, Jean Paul Gaultier, Dries Van Noten, Nina Ricci, Byredo and others. It also owns the beauty licenses of Comme des Garçons Parfums, Christian Louboutin, Benetton, Antonio Banderas and Adolfo Dominguez.

Last month, Puig tapped Jose Manuel Albesa as its new CEO, as reported in Happi.

In September 2025, Albesa was appointed deputy CEO of Puig and oversaw all divisions at the group. He also continued to remain president of Puig Beauty and Fashion. Marc Puig will stay on as executive chairman of the company.

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