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ELC is rumored to have hired J.P. Morgan to structure a financing package to fund its potential merger with Puig.
April 22, 2026
By: Rachel Klemovitch
Assistant Editor
According to new reports, Estée Lauder Companies (ELC) has allegedly commissioned J.P. Morgan to structure a financing package for its merger with Puig.
ELC first announced discussions with Puig on a potential merger in March of 2026.
ELC would allegedly offer Puig a takeover deal consisting of a mixed consideration of cash and shares, according to ongoing discussions.
Reports estimate that the deal between the two companies would be a combined value of around $40 billion.
ELC Unpacks Dr. Jart From Group Sale-According to Reports
Puig Names Jose Manuel Albesa CEO
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