Puig news and archive

In Pictures: Dries Van Noten opens first New York store

Dries Van Noten has officially entered the Eastern US retail market. The Belgian fashion house has opened its first standalone store in New York City, building on its global presence. For the brand, which had already been present in the US at Saks Fifth Avenue stores, North America has long been a main global market. Thus, after inaugurating...

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Business

Puig maintains outlook after opening year with sales increase of 7.8 percent

Madrid – Even with a blackout and unprecedented problems in communications networks in the history of Spain, the fashion and beauty multinational Puig responded to its scheduled meeting with investors. As planned, it presented the sales figures recorded during the first quarter of its new fiscal year of 2025 on Monday, after the markets closed....

Retail

A look into Puig's retail strategy for Dries Van Noten

Madrid – The most perfect harmonisation of universes around fashion and beauty supports Puig’s diversified business model. This is what could be discovered behind the walls of the new Dries Van Noten “boutiques”, one of the main houses in the Spanish multinational’s portfolio, which just opened in London and Tokyo. These openings serve as a...

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Business

Beauty industry warns EU against cosmetics trade tariffs

L’Oréal and a coalition of leading beauty companies have urged the European Union to exclude cosmetics from potential retaliatory tariffs on US exports, warning that such measures could harm European businesses more than their American counterparts, according ot the Financial times. The EU is considering tariffs on over 1,700 US goods in...

Retail|Beauty

Charlotte Tilbury expands reach in the US with Bluemercury

Charlotte Tilbury, the award-winning global luxury make-up, skincare and fragrance brand founded by British entrepreneur and make-up artist Charlotte Tilbury, part of the Spanish fashion and beauty group Puig, has launched at US luxury beauty retailer Bluemercury. The US is one of the beauty brand’s biggest markets and its key products,...

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Business

Puig boosts profits by 14 percent, closes first year as listed company on a high

Spanish multinational Puig, the parent company of Rabanne, Caroline Herrera and Jean Paul Gaultier, has reported its annual results for the 2024 fiscal year, the first it has completed as a listed company. The report largely confirms interim results shared by Puig earlier in January, in which it stated that its total net sales reached 4.79...

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Business

Puig closes first year as listed company with record sales of 4.8 billion euros

Puig, the parent company of Rabanne, Jean Paul Gaultier and Nina Ricci, has reported its sales results for the full fiscal year 2024, the first of which the Spanish multinational completed as a listed company, after its debut on the stock market on May 3. For the period, the fashion and perfume group posted a new historical turnover record,...

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Business

Unwrapping in 2025 – Eyebrow raising IPOs: From Shein’s controversy to Nordstrom’s private pursuit

The landscape of IPOs has twisted and turned over the last year as the market undergoes continued challenges. Yet, this landscape has seemingly not made the pursuit of a public listing any less appealing to those hoping to bolster their positioning. FashionUnited takes a look at what is on the horizon as the biggest stories of this year continue...

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Business

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...

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Business|Beauty

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...

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Fashion

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...

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Report

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...