Puig news and archive

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...

Business

Puig records strong revenue and profit growth

Puig closed 2023 with net revenues of 4,304 million euros, an increase of 19 percent. The company also reported a 19 percent growth on comparable perimeter and at constant exchange rates, with double-digit growth across all segments and geographies. Puig reached an EBITDA of 849 million euros, a 33 percent increase, representing an EBITDA margin...

Business

Puig reports third record year in a row

The Spanish fashion and cosmetics group Puig has remained on course for growth in the 2023 financial year. On Thursday, the parent company of brands such as Carolina Herrera, Nina Ricci, Paco Rabanne, Jean Paul Gaultier and Dries Van Noten reported significant increases in turnover and profit. The company, which according to press reports is...

Business |Beauty

Puig acquires majority stake in Dr. Barbara Sturm

Spanish fashion and beauty group Puig has acquired a majority stake in German molecular cosmetics brand Dr. Barbara Sturm to strengthen its position in the premium skincare market, especially within the US. Founder Dr. Barbara Sturm will retain a minority stake and continue to lead the brand’s product development as chief product development...

Business

Puig eyes 2024 for IPO filing

Spanish fashion and beauty group Puig, the parent company of Dries van Noten, Jean Paul Gaultier, Nina Ricci and Paco Rabanne, among others, is reportedly entering the stock market. The company is targeting an IPO in 2024 with an estimated valuation of €8 billion, according to Europa Press. Spanish economic and business newspaper 'Expansión'...

Business

Puig reorganises corporate structure

The Spanish beauty and fashion firm Puig has reportedly reorganised its corporate structure in the latest rejig of its operations, bringing all of its businesses under one umbrella. The move, initially reported by Expansión, has seen Puig combine its operations under the public limited company, Puig Brands. It marks the second time in a three...

Business

Puig joins Sustainable Markets Initiative’s Fashion Task Force

Beauty and fashion group Puig has announced that it has joined the Fashion Task Force, a subsidiary of the private-sector coalition, Sustainable Markets Initiative (SMI). The group was established by the former Prince of Wales, now King Charles III, with a mission to accelerate the transition towards a more sustainable fashion future. Through...

BusinessFeatured

Puig reports 3.6 billion euros in revenue for 2022

Beauty and fashion giant Puig has outlined its financial results for the year 2022, reporting an impressive 3.62 billion euros in net revenues, up 40 percent from 2021. The Spanish group, which operates beauty for the likes of Charlotte Tilbury, Jean Paul Gaultier, and Dries Van Noten, said EMEA was its highest performing region, representing 54...

BusinessFeatured

Balmain, Babor, Byredo: Major executive shifts in beauty define start of new year

The beginning of 2023 and the end of 2022 saw a number of shifts among leadership within the beauty industry, possibly defining how some of the market’s biggest brands will be taking on the upcoming year. FashionUnited has highlighted some of the most notable changes in executive leadership teams, and what impact they could have on the company’s...

Business

Puig launches fragrance platform, opens office in Miami

Beauty group Puig has unveiled its latest digital platform dedicated to fragrances, allowing users to discover what various perfumes smell like before trying it in-person. Entitled ‘WikiParfum’, the platform enables users to browse, compare and choose fragrances from a regularly updated library, which currently consists of around 19,600 scents....

Fashion |Breaking News

Puig acquires Byredo for 1 billion dollars

After weeks of speculation which beauty powerhouse would make the winning bid for Byredo, the Swedish fragrance and accessories company known for its minimalist packaging and gender neutral perfumes will be acquired by Puig. Earlier this month a French news outlet reportedL’Oreal, the world’s largest beauty conglomerate, was set to acquire...