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1 week agoEstee Lauder's Makeover Isn't Working. Now It's Considering a Major Merger.
Estée Lauder is in talks to merge with Puig amid financial struggles and stock declines.
Estée Lauder forecast annual sales and profit slightly below estimates on Thursday, as the cosmetics maker navigates a brand reset with increased marketing spend while it navigates tariff-related pressures. Shares fell about 9 percent in premarket trading after it forecast third-quarter margins to contract 50 basis points due to stepped-up investments in product innovation and tariff pressures. The company, which is undergoing a turnaround under its CEO Stephane de La Faverie, flagged a $100 million tariff hit on