Estée Lauder says Puig merger collapsed over price concerns
Culture Index
Score Breakdown
Relevance
14/25
Freshness
25/25
Authority
18/20
Brand Signal
13/15
Depth
10/15
5-Axis Cultural Radar
Estée Lauder chief executive Stéphane de La Faverie has said the cosmetics giant’s proposed merger with Jean Paul Gaultier-owner Puig collapsed because the price was not right. The US beauty group and Puig ended negotiations late last month over a deal that would have created a major premium beauty business better placed to compete with...
