Puig Brands SA (PUIGF) delivered record net revenues of $2.35 billion in H1 2026, with like-for-like growth of 4.4%, outperforming the premium beauty market.

Investing.com -- Shares of Estée Lauder Companies fell over 2% in premarket trading after Bloomberg reported that the company is advancing in talks over a potential business combination with Puig Brands SA.

Estée Lauder and Puig have confirmed they are in talks over a potential business combination. The discussion centers on creating a combined global beauty group that would unite several leading brands. Both parties state that no agreement has been reached and discussions are ongoing. For investors watching Puig Brands (BME:PUIG), the confirmation of merger talks comes with the stock at €17.35 and recent share price moves of 9.4% over the past week, 5.7% over the past month, 16.9% year to...

Shares of beauty products company Estée Lauder (NYSE:EL) jumped 2.3% in the afternoon session after the company confirmed it was in discussions regarding a potential business combination with Spanish luxury beauty and fashion company Puig Brands, with the stock rebounding amid a broader market rally.

Companies In The Article Are:EL,JEF,CNM and SFD

Yahoo Finance Head of News Myles Udland takes a closer look at some of Tuesday morning's trending tickers and stories. Jefferies (JEF) stock is moving higher after the Financial Times reported that Sumitomo Mitsui Financial Group (SMFG) is weighing a buyout of the firm. Bloomberg later reported that SMFG has no immediate takeover plans. Estée Lauder (EL) is in talks to merge with Spanish beauty brand Puig (PUIG.MC). Tesla's (TSLA) European sales are rebounding. The company reported a monthly sales increase in the region for the first time in over a year.

The Dow Jones rose after President Trump spoke on Iran. A pharma play tested an entry on the stock market today. Cathie Wood bought stocks.

For the complete transcript of the earnings call, please refer to the full earnings call transcript. The company saw broad-based growth across all business segments, with notable double-digit growth in the makeup segment led by Charlotte Tilbury. The company faced a 2.6% negative impact from foreign exchange, affecting overall reported growth.