Estée Lauder surges in premarket after Puig merger deal talks end
In this article EL PUIG-ES Follow your favorite stocks CREATE FREE ACCOUNT An Estee Lauder Cos. concession in the beauty department inside the John Lewis
In this article EL PUIG-ES Follow your favorite stocks CREATE FREE ACCOUNT An Estee Lauder Cos. concession in the beauty department inside the John Lewis Partnership Plc department store on Oxford Street in London, UK, on Friday, Feb. 20, 2026. Bloomberg | Bloomberg | Getty Images Estée Lauder's shares were up almost 10% in premarket trading after talks over a potential merger with Spanish beauty group Puig were "terminated." The British beauty giant, which owns the Clinique and Tom Ford Beauty brands and is listed on the New York Stock Exchange, said in March that it was in discussions with Puig, the owner of Charlotte Tilbury and Jean Paul Gaultier, to combine the companies.
But Estée Lauder said in a statement on Thursday that both parties had terminated discussions and that it remained focused on its "Beauty Reimagined" turnaround strategy, which involves focusing on premium launches and streamlining the company's supply chain. watch now "We are grateful for the conversations we have had with Puig," Estée's president and CEO, Stéphane de La Faverie, said in the statement. "We are reiterating our confidence in the power of our incredible brands, our talented teams, and our strength as a standalone company.
"We are more optimistic than ever about our ability to unlock significant long-term value through Beauty Reimagined, and we remain focused on accelerating that progress." Estée Lauder's shares were last seen up 9.6% in premarket trading.
Puig had plunged nearly 14% by 11:55 a.m. CEST (5:55 a.m. E.T.). Estée Lauder has a market cap of $28 billion. Puig's is 2.7 billion euros (roughly $3 billion). Stock Chart Icon Stock chart icon Estée Lauder.
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