Estée Lauder in talks on merger with Jean Paul Gaultier owner Puig

Combination of US and Spanish companies would create $40bn fashion and beauty group Business live – latest updates US cosmetics company Estée Lauder is in talks over a potential merger with Spanish group Puig, the owner of brands including Jean Paul Gaultier and Rabanne, to create a $40bn fashion and beauty giant. Estée Lauder is one of the world’s biggest manufacturers of skin care, makeup and fragrances with a portfolio that includes Clinique, Bobbi Brown and Tom Ford Beauty.