Puig news and archive

Puig fails to meet targets and delays the purchase of Charlotte Tilbury

Is Puig failing to meet the objectives it set for its IPO? It seems that, at this moment, this could be the case. The Spanish multinational fashion and beauty company announced it was delaying its acquisition of a minority stake in the cosmetics firm, Charlotte Tilbury, which is to remain in the hands of its founder until 2031. This new deadline...

Business|Beauty Featured

Puig and Charlotte Tilbury extend partnership

Spanish fashion and beauty group Puig has announced an extension of its strategic partnership with British cosmetics and fragrance brand Charlotte Tilbury. Puig, which acquired a majority stake in Charlotte Tilbury Limited in 2020, said that under the terms of the renewed partnership, Charlotte Tilbury will retain a minority stake in her...

Fashion Featured

Puig, Charlotte Tilbury, and the high stakes of product withdrawals and recalls

In the razor-sharp world of luxury cosmetics, a single quality misstep can trigger a cascade of financial consequences that reverberate far beyond a simple product withdrawal. Puig's recent voluntary withdrawal of certain batches of Charlotte Tilbury's Airbrush Flawless Setting Spray underscores the delicate ecosystem of consumer trust and brand...

Business

Puig delivers like-for-like growth of 11.6 percent

Puig delivered net revenue of 1,257 million euros in the third quarter, up 11.6 percent like-for-like and 11.1 percent reported. The company’s growth accelerated versus H1, led by the double-digit growth of both Puig’s core business segment, fragrance and fashion, and largest market, EMEA. For the nine-month period, Puig achieved revenues of...

Business

Puig to conquer Asia: heading for 3 new markets

Puig, the Spanish perfume and cosmetics giant, is set to conquer Asia. The recent opening of subsidiaries in India, Japan and South Korea signals the time for an ambitious offensive, which positions Puig as a major player in this region with immense potential. A new chapter for Puig in Asia In 2023, Puig set up shop in South Korea by creating...

Business

Puig joins Ibex 35 index after ‘solid’ market performance

Beauty and fashion group Puig has been selected to join the exclusive Ibex 35 index from July 22 after exhibiting “solid performance in the market” just two months on from its IPO filing. The decision comes following an agreement between Ibex’s Technical Advisory Committee to restructure the index, and thus place Puig, which will replace hotel...

Business

Puig unveils new identity

Puig is turning a new page in its history via the introduction of a new visual identity. As such, the group, specialising in fashion, fragrances and cosmetics, said it wants to celebrate its heritage while looking to a promising future. To design its new logo, the Spanish firm called on the French art and design agency M/M to build on the work...

Business

Puig IPO raises 2.6 billion euros

Europe’s biggest IPO of 2024 saw Spanish conglomerate Puig exceed its share price of 24.50 euros to 25.50 euros on Friday, resulting in a market capitalisation of 13.9 billion euros after it sold 106.5 million shares. The funds raised, some 2.6 billion euros, will allow the fragrance and fashion group to make further acquisitions and reduce its...

Business

Spanish fashion and beauty brand Puig poised for IPO

The iconic Nina Ricci, Paco Rabanne and Jean-Paul Gaultier labels make their market debut Friday as Spanish fashion and beauty group Puig begins trading on the Madrid stock exchange. For the family-owned Puig Group, which has expanded rapidly into luxury goods, going public is a big step which will allow it to compete with the giants of the...

Business

Puig prepares to go public, setting share price at 24,50 euros

Spanish fragrance and fashion conglomerate Puig is poised to debut on the stock market this Friday, marking one of the most highly anticipated IPOs of the quarter. The company, which owns prominent brands like Dries Van Noten, Byredo, and Charlotte Tilbury, seeks to raise 2.6 billion euros, with a share price guidance of 24.50 euros per share,...

BusinessFeatured

Puig targets 1.25 billion euro equity raise in planned Spanish IPO

Spanish beauty and cosmetics giant Puig has announced its intention to make an initial public offering (IPO) of its class B shares on Spanish Stock Exchanges, with the goal of bringing in a total of 2.5 billion euros (2.7 billion dollars) in funding. According to a regulatory filing for the parent company of Jean Paul Gaultier, Paco Rabanne and...

People|Opinion Featured

Who could replace Dries Van Noten?

It has been just five years since Dries Van Noten sold a majority stake of his company to Puig, the Spanish luxury conglomerate. Whether succession planning factored into the transaction remains uncertain. At 65 years old, Mr. Van Noten's recent announcement to retire from the fashion sphere and focus on other aspects of life — pursuits often...