Puig news and archive

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...

ManagementFeatured

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...

ManagementFeatured

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...

ManagementFeatured

Puig posts robust FY revenue and profit, ups 2022 guidance

Spanish fashion and fragrance group Puig has reported soaring revenue in fiscal year 2022, and now expects revenue for the coming year to exceed 3 billion euros. The company, whose portfolio includes brands Charlotte Tilbury, Jean Paul Gaultier and Dries Van Noten, reported annual revenue of 2.585 billion euros in 2021, a 68 percent increase...

People

Paco Rabanne fashion names new general manager

Paco Rabanne fashion house has confirmed the appointment of Nadia Dhouib as its new general manager. Dhouib has strong experience in buying, merchandising and retail and previously served as managing director of Galeries Lafayette Champs-Élysées. She will report to Vincent Thilloy, chief brands officer for Paco Rabanne and Jean Paul Gaultier,...

PeopleFeatured

Nina Ricci creative directors to exit brand

Nina Ricci is to part ways with duo artistic directors Rushemy Botter and Lisi Herrebrugh. The news was confirmed by luxury group Puig, which operates the label. Curaçao-born Botter and Dutch native Herrebrugh have helmed the brand since 2018, to mixed reviews. The designers are thought to have mutually agreed their exit with Puig to concentrate...

Business

Jaquemus looking at beauty deal with Puig

Jacquemus is in talks with Spanish fragrance and fashion house Puig for a deal to bring the former into the world of beauty. The news was reported by WWD. Jacquemus is expected to introduce beauty sometime in 2022. The brand has declined request for comment. Jacquemus has had a continuous rise to stardom, first by becoming a darling of the Paris...

Fashion

Paris haute couture: Jean Paul Gaultier x Sacai

The conical bra and corset that made Jean Paul Gaultier a household name was re-imagined for the maison’s first haute couture collaboration since his official retirement last year. The guest creator of this season’s collection is the formidable Japanese designer Chitose Abe, founder of luxury label Sacai, who reportedly had unprecedented access...