Anonymous1 day ago
Estée Lauder Companies, having lost more than $100 billion in market capitalization since its January 2022 peak, is in active merger talks with Spanish beauty group Puig that would create a combined entity valued at roughly $40 billion. The proposed deal — primarily a stock-and-cash transaction — aims to vault Estée Lauder's fragrance market share from 6% to 15%, but faces sharp criticism from investors who question whether a mega-merger is the right remedy for a company simultaneously cutting up to 10,000 jobs, carrying $7.3 billion in long-term debt, and still reeling from a severe China-driven revenue decline.