Estée Lauder Ends Puig Talks And Refines Beauty Reimagined Turnaround Focus

Estée Lauder Companies (NYSE:EL) has ended merger talks with Spanish beauty group Puig, according to recent company communications.
Management is refocusing on the “Beauty Reimagined” turnaround plan and reviewing its brand portfolio at the same time.
Discussions around potential divestitures reportedly include brands such as Too Faced, Smashbox, and Dr. Jart.

For you as an investor, the key point is that NYSE:EL is doubling down on its core turnaround efforts rather than pursuing large…

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