5 Heavily-Battered Consumer Stocks That Could Triple by 2027

3. The Estée Lauder Companies Inc. (NYSE:EL)

On March 23, 2026, The Estée Lauder Companies Inc. (NYSE:EL) confirmed it is in discussions regarding a potential business combination with Puig (PUGBY), under which the two companies could merge their businesses. The company noted that no final decision has been made and no agreement has been reached, adding that there can be no assurances regarding the deal or its terms unless an agreement is signed.

On March 12, 2026, The Estée Lauder Companies Inc. (NYSE:EL) filed a lawsuit against Jo Malone, her fragrance brand “Jo Loves,” and Zara’s UK business over the use of Malone’s name on certain products. The company said it owns the brand and rights to use the name following its 1999 acquisition, and stated that Malone’s use of “Jo Malone” in recent ventures “goes beyond that legal agreement,” referring to prior restrictions on commercial use of the name.

Earlier in March, The Estée Lauder Companies Inc. (NYSE:EL) announced an agreement, subject to regulatory approvals, to acquire the remaining interests in Forest Essentials, an Indian beauty brand. The deal is expected to close in the second half of calendar year 2026 and follows a minority investment made in 2008, which was later increased to 49% in 2020.

The Estée Lauder Companies Inc. (NYSE:EL) manufactures and sells skin care, makeup, fragrance, and hair care products worldwide.