Puig news and archive

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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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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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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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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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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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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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...

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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...

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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...

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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...

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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...

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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,...