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%.
Developer Embark Studios has launched update 1.19.0 for ARC Raiders on March 10, 2026, introducing new cosmetic options and addressing various bugs. The patch includes the Devotee Outfit Set and two new hairstyles, alongside improvements to inventory management and map conditions. It also responds to recent server issues by reviewing lost player loadouts.
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Japanese retailer Muji is betting on its value-for-money skincare products to drive growth at home and abroad. These items, featuring simple formulations and transparent labeling, have doubled in revenue recently. The company targets a significant operating profit increase by 2028.
Kering has finalized the sale of its beauty and perfumes activities to L’Oréal for around 4 billion euros. This deal marks the first major decision by Luca de Meo, the group's new CEO since last month. The agreement, revealed by the Wall Street Journal the day before, builds on a long history of collaboration between the two French companies.