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"Estée Lauder in talks to combine with Jean Paul Gaultier owner Puig" (FT)

"A merger deal could come together imminently"

Puig has just appointed new outsider CEO

$EL shares closed down 8%, market cap $28.7bn

$PUIG opened up 14%, market cap €3.19bn

ft.com/content/644a7f5c…

Mar 24
at
8:40 AM
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