Puig news and archive

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...

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...