How leaks, demands and a phone call derailed Estée Lauder’s deal to create a $40B luxe giant
US cosmetics maker Estée Lauder and Spanish perfume group Puig had been finalizing the details of a deal when talks fell apart late on Thursday, preventing a merger that would have created a $40 billion luxury beauty giant. The merged company would have put together brands such as Tom Ford, Clinique and MAC with Carolina Herrera and … Read more