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As we near the halfway point of 2026, Rachel Strugatz answers readers’ burning questions about Rihanna’s next move, the Armani ownership sweepstakes, Estée Lauder’s M&A appetite, and more.
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It’s been an incredibly busy first half on the beauty beat, filled with launches, relaunches, sales, and a too-good-to-be-true mega-merger. Lately, my inbox has been bursting with running commentary on beauty’s next act: Where does Fenty go after LVMH? Should L’Oréal own more of Armani? And what, exactly, is Estée Lauder buying once it finally finishes selling?
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