Jean Paul Gaultier

Jean Paul Gaultier is a fashion brand owned by Puig, a Spanish company specializing in cosmetics, fashion, and fragrances. Puig also owns brands like Carolina Herrera and Rabanne. The company is currently newsworthy due to ongoing negotiations for a potential merger with Estée Lauder, a major US cosmetics company. This merger could create a cosmetics and beauty giant valued at approximately €35 billion (or $40 billion). News of the potential merger has caused Puig's stock to increase significantly. The outcome of these negotiations is being closely watched as it could significantly reshape the global cosmetics industry, potentially creating the third-largest group in the sector.