Puig–E.L.C. Tea Leaves & Adidas’s Q1 Report Card

Jose Manuel Albesa
On an earnings call yesterday, Puig C.E.O. Jose Manuel Albesa confirmed that talks are “ongoing” and that “no final decision has been made yet.” Photo: Courtesy of Puig
Rachel Strugatz
Sarah Shapiro
Malique Morris
April 29, 2026

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