Estée Lauder is in talks to acquire Puig, a privately held beauty group with brands like Carolina Herrera and Charlotte Tilbury. The Shein–Everlane transaction highlights a broader consolidation trend in fashion and beauty as companies seek scale, new customer segments and complementary brand portfolios. Like the Shein deal, a potential Estée Lauder–Puig combination would face strategic, valuation and regulatory complexities that can affect timing and outcome.
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