The keys: Puig and Estée Lauder will have to face their problems alone again

The operation was known to be complicated, and the breakdown of the negotiation confirms it. The merger between Puig and Estée Lauder had to resolve the complex governance between two family-owned companies, and had also provoked rejection from the shareholders of the American company, who considered that they would lose from the combination, at least in the short term. Now it will be able to focus on reducing costs by accelerating its staff reduction.

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