When Estée Lauder Cos. acquired the Tom Ford luxury and beauty house three years ago, it bought a business model similar to its latest acquisition target, Spain’s Puig Brands SA. But a purchase of Puig, which has a market value of about €10 billion ($11.6 billion), doesn’t pass the smell test for the US firm’s shareholders.
When Estée Lauder Cos. acquired the Tom Ford luxury and beauty house three years ago, it bought a business model similar to its latest acquisition target, Spain’s Puig Brands SA. But a purchase of Puig, which has a market value of about €10 billion (… [549 chars]
Source: Bloomberg | Published: 2026-03-24T12:14:32Z
Credit: Bloomberg
