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Executives from Puig and Estée Lauder shaking hands amid $40B merger talks, with stock charts showing price swings and luxury beauty products on display.
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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%.

Vogue has highlighted a selection of natural-finish moisturizers that hydrate skin without a glossy sheen, reflecting a shift from dewy looks popular in the early 2020s. Experts describe these products as providing a balanced, smooth appearance suitable for various skin types. The article features recommendations from brands like Merit and Neutrogena.

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Puig has appointed Jose Manuel Albesa as chief executive officer, effective immediately. He succeeds Marc Puig, who moves to executive chairman. The change aims to align the company's strategic vision and M&A efforts.

Vogue has spotlighted three wearable makeup trends for spring 2026, emphasizing texture and pops of color in a mature and fresh manner. Makeup artists Lisa Eldridge, Emily Wood, and Saba Khan shared insights on blue eyeshadow, muted blush, and buffed red lips as key looks to try now. These trends shift from recent maximalist styles toward more practical applications.

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Experts recommend limiting showers to lukewarm water and short durations to protect aging skin barriers. A step-by-step guide from board-certified dermatologists emphasizes gentle cleansing, occasional exfoliation, and immediate moisturizing. This routine aims to maintain skin suppleness without irritation.

New York-based apothecary Malin+Goetz has teamed up with Brain Dead for a second collaboration, launching a limited-edition 'Leather' capsule collection on March 31. The drop reimagines the brands' signature leather fragrance through scented candles and perfume oil, inspired by frontier nostalgia and interstellar edge. Items feature Brain Dead's graphic packaging and range in price from $42 to $205.

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The Black Beauty Club hosted an awards dinner at WSA to celebrate its inaugural Beauty Vanguard 50 list, recognizing innovators in beauty, fashion, culture, and wellness. Founded by Tomi Talabi, the initiative highlights Black creatives shaping industry standards. The event, presented in partnership with L’Oreal, featured categories of honorees and tributes to trailblazers.

 

 

 

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