The Este Lauder Companies Inc. (EL) and Puig Merging to Create Largest Premium Beauty Player

Image for article The Este Lauder Companies Inc. (EL) and Puig Merging to Create Largest Premium Beauty Player
News Source : Yahoo Entertainment

News Summary

  • The founding families of Spanish firm Puig and The Estée Lauder Companies Inc. (NYSE:EL) are poised to meet to negotiate terms of a potential merger.
  • The combined company would be listed on the New York Stock Exchange and would have revenue of over 20 billion euros.
  • It would also make it the world’s number one premium beauty group, ahead of L’Oréal Luxe.
  • If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
The Este Lauder Companies Inc. (NYSEEL) is one of the top consumer defensive stocks to buy now. On April 7, Reuters reported that the founding families of Spanish firm Puig and The Este Lauder Com [+1694 chars]

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