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Background:
2026 opens with real movement in beauty deals.
As first reported by The Business of Beauty, Estée Lauder is exploring a packaged sale of Too Faced, Smashbox and Dr. Jart to free up cash and refocus the portfolio.
Who’s next? Colour fatigue is depressing makeup valuations, while fragrance, body care and haircare are drawing the most credible buyer interest, particularly from beauty conglomerates.
