Estee Lauder (EL) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
EL's skin care and fragrance momentum drives growth as the company explores a possible business combination with Puig.
Bank of America highlighted the potential merger between Estee Lauder Companies Inc (NYSE:EL, XETRA:ELAA) and Spanish beauty group Puig as a transformational move that could reshape Estee Lauder's growth story. “A merger with Puig would completely change the Estee Lauder equity story from one which was driven by its Beauty Reimagined turnaround plan to transformational M&A driving more balanced geographic and category exposure at scale,” the bank's analysts wrote in a note.
Shares in Puig Brands have climbed sharply after the group confirmed it is in discussions with Estée Lauder over a potential merger in a deal that could redraw the competitive landscape of the global beauty industry.
Estee Lauder Companies Inc (NYSE:EL, XETRA:ELAA) has confirmed it is in discussions regarding a potential business combination with Spanish fashion and beauty company Puig, as the companies explore a possible merger of their operations. In a statement on Monday, Estée Lauder said no final decision has been made, and no agreement has been reached.
Puig stock surged after the company and Estee Lauder confirmed they were in talks over a possible merger, which would combine two of the world's biggest beauty companies.
Estée Lauder said Monday that a final decision had not been made on any potential deal. In this article PUGBY
Estee Lauder says it could merge with luxury Puig Brands of Spain.
Estée Lauder said Monday it is in talks to potentially merge with Spanish beauty company Puig. Shares of Estée Lauder sank, while Puig's stock rose slightly.
EL, ELF and EWCZ are navigating rising costs and shifting consumer demand through innovation, digital expansion and strategic initiatives.
EL's fragrance sales rise 6% organically in Q2 as TOM FORD, Le Labo and KILIAN PARIS fuel luxury-led growth across regions and channels.
Banco Bilbao Vizcaya Argentaria S.A. raised its holdings in shares of The Estee Lauder Companies Inc. (NYSE: EL) by 39.2% in the undefined quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 166,980 shares of the company's stock after purchasing an additional 47,051 shares