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Company confirms it is in discussions regarding a potential business combination.
March 23, 2026
By: Melissa Meisel
Happi Top 50 Company The Estée Lauder Companies Inc. confirms that it is in discussions regarding a potential business combination with Happi International Top 30 Company Puig, in which the two companies would potentially merge their businesses.
According to a statement from Estée Lauder: “No final decision has been made, and no agreement has been reached. Unless and until an agreement is signed between the companies, there can be no assurances regarding the deal or its terms.”
Combining Estée Lauder with Puig would bring some of the world’s biggest beauty and fragrance brands under one roof.
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.
According to CNBC, Puig shares soared as much as 15% on March 24.Last week, 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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