Estée Lauder in merger talks with Spanish giant Puig
US cosmetics giant Estée Lauder is discussing a potential merger with Spanish company Puig, which owns fragrance brands such as Rabanne and Jean Paul Gaultier.
A deal could create a $40bn (£30bn) beauty giant, although Estée Lauder has said that no final decision on a merger has yet been made, according to the Financial Times.
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