Estee Lauder Confirms Talks with Puig Continue, No Deal Announced
Estee Lauder's CEO, Stephane de La Faverie, told attendees at the FT Business of Luxury Summit in Apulia, Italy, that conversations with Puig about a possible combination are ongoing but that no announcement is ready. The firms first disclosed talks in March. A tie-up would bring brands such as Tom Ford, Carolina Herrera, Rabanne, Jean Paul Gaultie…