Cosmetics
Puig and Estée Lauder in talks for potential $40 billion merger
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Puig and The Estée Lauder Companies disclosed after Monday's market close that they are discussing a possible business combination, with no agreement reached. Puig notified Spain's CNMV on March 23, 2026. The deal could create a $40 billion beauty group with $20 billion in combined sales, prompting Estée Lauder shares to drop 7.7% while Puig's rose 11%.
Blizzard introduced a new Ultra tier of cosmetics for Overwatch, starting with Nyan Cafe skins for Kiriko and Sierra. The individual skins cost 3500 Overwatch Coins, equivalent to $35. Fans have expressed frustration over the price compared to previous Legendary skins.
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The Tokyo District Court has sentenced Koichi Hikichi, head of the Japan Cosmetic Association, to one year in prison for bribery involving University of Tokyo researchers.
CJ Olive Young has partnered with a Polish cosmetics distributor to export its private brand products to Europe. The deal will initially introduce skincare lines like Bioheal BOH, Bringgreen, and Colorgram through sales networks in Poland before expanding to other markets. This move bolsters the CJ Group's retail arm's international expansion efforts.
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Japanese cosmetics giant Shiseido is grappling with its biggest challenge in decades, stemming from a costly misfire in North America and eroding market share to nimble Asian rivals. Six years ago, the company spent $845 million acquiring the American brand Drunk Elephant to tap into younger customers, but has since written off more than half the investment due to falling profits and sales.