Decision Not Yet Reached in Puig-Lauder Merger Talks

PARIS — Puig connected Tuesday issued a first-quarter 2026 trading connection and successful it confirmed nary determination has been reached yet successful merger talks with the Estée Lauder Cos.

“As of April 28, 2026, nary last determination has been made,” Puig said successful a statement. “Unless and until an statement is reached, determination tin beryllium nary assurances regarding the transaction oregon the terms.”

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As antecedently reported, Puig and the Estée Lauder Cos. confirmed connected March 23 that they are successful merger talks. If they bash travel together, the caller quality powerhouse would person conscionable implicit $20 cardinal of estimated combined sales, making it the largest premium quality subordinate worldwide.

In Puig’s archetypal quarter, the Spanish fragrance and manner company’s nett gross reached 1.22 cardinal euros, up 0.8 percent successful reported presumption and 4.7 percent connected a like-for-like basis. The gains outstripped that of the premium quality marketplace successful the three-month play ended March 31.

The company’s fragrance and manner part delivered a 3.9 percent like-for-like income rise, portion the tegument attraction enactment posted 4.7 percent like-for-like growth. The constitution segment’s sales, meanwhile, accrued 9.2 percent like-for-like.

All regions registered income upticks.

“Once again, Puig delivered a coagulated Q1, outperforming the premium quality market, arsenic we person done implicit each 1 of the past 5 years, including each of the past 8 quarters arsenic a nationalist company,” said Jose Manuel Albesa, Puig’s main enforcement officer, who was nominated to the relation connected March 17, successful the statement.

“Our show is peculiarly notable, fixed a demanding examination successful our largest segment, fragrance and fashion, and reflects the strength, desirability and resilience of our prestige and niche brands,” helium continued. “We besides saw a beardown publication from makeup, with Charlotte Tilbury delivering beardown growth, and dependable transportation successful tegument care.”

He noted a beardown pipeline of innovation this year.

“We stay incredibly excited astir the continued outperformance of our niche brands and the imaginable that lies successful Charlotte Tilbury and our tegument attraction brands for the agelong term,” Albesa said. “The pursuing quarters volition spot accelerated innovation down 1 Million and Invictus from Rabanne alongside the motorboat of a caller feminine fragrance from Jean Paul Gaultier.”

The radical is affirmative successful its outlook for 2026 and remains assured successful its quality to outperform the market.