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Puig shares surged 16% on March 24 after the Spanish beauty group announced merger talks with Estee Lauder, potentially creating a $40 billion luxury beauty conglomerate that includes major brands like Tom Ford and Clinique, aiming to strengthen its position in a slowing fragrance market. #BeautyIndustry #MergerNews #FragranceMarket
www.reuters.com
Spain's Puig shares jump on Estee Lauder merger talks
March 24 (Reuters) - Shares of Puig (PUIGb. MC), opens new tab surged around 16% on Tuesday, on track for their best trading day on record, after the Spanish beauty group and Estee Lauder (EL.
