Latest news and articles about beauty industry from NEX English
Reports indicate that American company <strong>Estée Lauder</strong> and Spanish firm <strong>Puig</strong> are making significant progress in merger negotiations, potentially creating one of the largest entities in the luxury beauty sector. This development comes amid substantial changes in the cosmetics industry as major companies seek to strengthen their market positions.
The Metro Jaya Police in Jakarta, Indonesia, announced a 40-day extension of Doctor Richard Lee's detention due to allegations of violating consumer rights in cosmetic products. This new detention period will last from March 26, 2026, to May 5, 2026.
The Korean beauty industry, known as K-beauty, has emerged as a global phenomenon, blending pop culture and innovation with national strategy. This integration has turned beauty products into effective economic and political tools for South Korea.
Ulta Beauty has opened its new branch in Dubai Mall, marking a significant step in expanding its presence in the Middle East. This location is ideal for meeting the growing demand for beauty products in the region.
Estée Lauder has announced negotiations to acquire the Spanish company Puig, potentially forming a beauty giant with annual sales of around $20 billion. The companies have not disclosed details of the deal.
Estée Lauder has confirmed the initiation of merger talks with Spanish company Puig, aiming to enhance its position in the fragrance market. This move comes amid a continuous decline in Estée Lauder's sales over the past three years.