Puig, which relies in Barcelona, was based in 1914 and remains to be managed by the Puig Family.
The group, which additionally owns style label Dries Van Noten and perfume large Carolina Herrera, sells its merchandise in 150 nations and had income of greater than €5bn (£4.3bn) in 2025.
Estee Lauder, who died in 2004, based her namesake cosmetics firm in 1946 in New York with her husband Joseph.
It began with simply 4 merchandise however has grown to change into the second largest cosmetics firm in the world after L’Oréal.
However, it was forced to cut jobs final yr amid sluggish gross sales and is making an attempt to revitalise its enterprise.
Shares in the agency closed nearly 8% decrease on Monday following information of the potential deal
The talks observe different current offers in the wonder sector, together with Hailey Bieber’s skincare model Rhode being acquired by E.l.f. Beauty in a deal value as much as $1bn.
Gucci-owner Kering additionally agreed final yr to promote its magnificence enterprise to L’Oreal for €4bn.
