Consumer

Estée Lauder in Talks to Buy Puig to Create Beauty Giant

WATCH: The combination of Estée Lauder and Puig would create a cosmetics giant with about $20 billion in annual sales. Angelina Rascouet reports.Source: Bloomberg

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Estée Lauder Cos. said it’s in talks to buy Puig Brands SA in a deal that would create a cosmetics giant with about $20 billion in annual sales.