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Sometimes even mega-beauty companies need help with their look. Est\u00e9e Lauder announced Monday it\u2019s in talks to merge with Puig<\/a>, a Spanish beauty company that owns Charlotte Tilbury, Jean Paul Gaultier, and Rabanne.<\/p>\n The potential deal comes as Est\u00e9e\u2019s \u201cBeauty Reimagined\u201d plan struggles to take off. The company\u2019s stock has dropped 25% this year and fell another 8% following the merger announcement. Last month, Est\u00e9e Lauder warned that tariffs would hit its full-year profitability by $100 million.<\/p>\n \u201cNo final decision has been made and no agreement has been reached,\u201d the company said in a statement. Financial details of the potential deal were not disclosed. But Puig\u2019s stock rose roughly 3% on the news, suggesting investors see the merger as better for the Spanish company than for the struggling U.S. beauty retailer.<\/p>\n<\/p><\/div>\n Sometimes even mega-beauty companies need help with their look. Est\u00e9e Lauder announced Monday it\u2019s in talks to merge with Puig<\/a>, a Spanish beauty company that owns Charlotte Tilbury, Jean Paul Gaultier, and Rabanne.<\/p>\n The potential deal comes as Est\u00e9e\u2019s \u201cBeauty Reimagined\u201d plan struggles to take off. The company\u2019s stock has dropped 25% this year and fell another 8% following the merger announcement. Last month, Est\u00e9e Lauder warned that tariffs would hit its full-year profitability by $100 million.<\/p>\n \u201cNo final decision has been made and no agreement has been reached,\u201d the company said in a statement. Financial details of the potential deal were not disclosed. But Puig\u2019s stock rose roughly 3% on the news, suggesting investors see the merger as better for the Spanish company than for the struggling U.S. beauty retailer.<\/p>\n<\/p><\/div>\n