The Estee Lauder Companies Inc Class A

EL: XNYS (USA)

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Estée Lauder: We See Prudence in Going It Alone After Talks With Puig End; Shares Attractive

Erin Lash

May 21, 2026

Estée Lauder confirmed that it has terminated merger talks with Puig. Instead, it plans to stay the course: investing in its brands, rightsizing its distribution footprint, and extracting inefficiencies. The shares popped by a low-double-digit percentage on the May 21 announcement.

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The Estee Lauder Companies Inc Class A

Estée Lauder: We See Prudence in Going It Alone After Talks With Puig End; Shares Attractive

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