Estée Lauder surges in premarket after Puig merger deal talks end

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• 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...