Estée Lauder is in talks to merge with Puig amid ongoing turnaround plan
CNBC
Estée Lauder said Monday the company is in talks to potentially merge with Spanish beauty company Puig.
Beauty company Estée Lauder Companies said Monday that it is in talks with Spanish beauty group Puig to potentially merge the two companies.
"No final decision has been made, and no agreement has been reached," Estée Lauder said in a statement.
Shares of the U.S. beauty company were down nearly 8% following the news, which was first reported by the Financial Times. Puig's stock rose roughly 3%.
Bob Iger is stepping aside as Josh D'Amaro, who previously served as chairman of Disney's experiences division, takes over as CEO.
Bob Iger is stepping aside as Josh D'Amaro, who previously served as chairman of Disney's experiences division, takes over as CEO.
Lululemon topped fourth-quarter estimates but gave weaker-than-expected sales and earnings forecasts for 2026.
CEO Ed Bastian told CNBC's Phil LeBeau that Delta had taken a $400 million hit so far for the fourth quarter, but that demand has been "really, really great."
While Wall Street figures have flagged risks in private credit, Apollo's Zito is among the first within private credit to candidly acknowledge weakness.
Peloton is launching commercial gym-ready Bikes and Treads, expanding into gyms globally as it seeks new growth beyond its at-home fitness business.
Paramount CEO David Ellison has said he wants to make 30 movies a year and has franchises like Godzilla-Kong, Superman and Sonic the Hedgehog to lean on.
The NFL is discussing getting rid of its 2029-30 opt-out clause in exchange for an increase on TV rights that could push CBS to pay more than $3 billion a year.
Discussions between Starbucks and the union representing about 6% of its company-owned U.S. stores hit a wall last year.
Blackstone appears to be rebalancing its real estate investment trust portfolio, selling off legacy holdings.
MacKenzie Scott and many of America's richest are absent from the latest Philanthropy 50 ranking.
Experts say the global turmoil may have even helped demand for rare collectibles, as the wealthy search for safe, long-term stores of value.
Some airlines are already raising fares after a historic surge in jet-fuel costs.