08.01.23
Spain
www.puig.com
Sales: $3.5 billion
Key Personnel: Marc Puig, chairman and CEO; Manuel Puig Rocha, vice chairman and chief sustainability officer; Eulalia Alfonso, chief human resources officer; Joan Albiol, CFO; Eugenia de la Torriente, chief communications officer; José Manuel Albesa, president, beauty and fashion; Detra Pinsent, CEO, Charlotte Tilbury; Hervé Lesieur, president, Uriage & Apivita, Derma; Charlotte Tilbury, founder, president, chairman and chief creative officer, Charlotte Tilbury
Major Products: Beauty and Fashion Division—Paco Rabanne, Carolina Herrera, Jean Paul Gaultier, Nina Ricci, Dries Van Noten, Eric Buterbaugh, Penhaligon’s and L’Artisan Parfumeur; beauty product licenses of Christian Louboutin and Comme des Garçons Parfums and lifestyle brands Adolfo Dominguez, Antonio Banderas, Shakira and Benetton; Charlotte Tilbury Division—Makeup by Charlotte Tilbury; Derma Division—Uriage, Apivita, Isdin (50% stake)
New Products: Fame fragrance, Dries Van Noten makeup; Byredo, Kama Ayurveda and Loto del Sur (acquisitions)
Comments: Corporate sales soared 40% to a record $3.8 billion. Net profit did even better—up 71% to $420 million. The top five brands last year were Paco Rabanne, Carolina Herrera, Charlotte Tilbury, Jean Paul Gaultier and Uriage Eau Thermale.
Fragrances and fashion account for 74% of corporate sales, followed by makeup (17%) and skin care (9%). Fragrance and fashion sales rose 40%, makeup sales jumped 52% and skin care sales climbed 20%. Prestige brand sales rose 35%, niche brand sales more than doubled (thanks to the acquisition of Byredo) and lifestyle brand sales increased 29%.
Puig says it has a 10% global share of the selective distribution fragrance category. Sales got a lift from the successful launch of Fame, from Paco Rabanne; by the consolidation of Good Girl, from Carolina Herrera; and by the good performance of Scandal from Jean Paul Gaultier. Niche brands reaffirmed their growth plan in Asia with the opening of new own points of sale for Penhaligon’s and L’Artisan Parfumeur in China. Dries Van Noten presented its first collection of perfumes with a line of 10 gender fluid fragrances in refillable bottles.
Makeup posted the biggest gains in 2022. Charlotte Tilbury was the No. 1 makeup brand in the UK, and it became even stronger in 2022 due to the strength of products such as its Pillow Talk color range.
www.puig.com
Sales: $3.5 billion
Key Personnel: Marc Puig, chairman and CEO; Manuel Puig Rocha, vice chairman and chief sustainability officer; Eulalia Alfonso, chief human resources officer; Joan Albiol, CFO; Eugenia de la Torriente, chief communications officer; José Manuel Albesa, president, beauty and fashion; Detra Pinsent, CEO, Charlotte Tilbury; Hervé Lesieur, president, Uriage & Apivita, Derma; Charlotte Tilbury, founder, president, chairman and chief creative officer, Charlotte Tilbury
Major Products: Beauty and Fashion Division—Paco Rabanne, Carolina Herrera, Jean Paul Gaultier, Nina Ricci, Dries Van Noten, Eric Buterbaugh, Penhaligon’s and L’Artisan Parfumeur; beauty product licenses of Christian Louboutin and Comme des Garçons Parfums and lifestyle brands Adolfo Dominguez, Antonio Banderas, Shakira and Benetton; Charlotte Tilbury Division—Makeup by Charlotte Tilbury; Derma Division—Uriage, Apivita, Isdin (50% stake)
New Products: Fame fragrance, Dries Van Noten makeup; Byredo, Kama Ayurveda and Loto del Sur (acquisitions)
Comments: Corporate sales soared 40% to a record $3.8 billion. Net profit did even better—up 71% to $420 million. The top five brands last year were Paco Rabanne, Carolina Herrera, Charlotte Tilbury, Jean Paul Gaultier and Uriage Eau Thermale.
Fragrances and fashion account for 74% of corporate sales, followed by makeup (17%) and skin care (9%). Fragrance and fashion sales rose 40%, makeup sales jumped 52% and skin care sales climbed 20%. Prestige brand sales rose 35%, niche brand sales more than doubled (thanks to the acquisition of Byredo) and lifestyle brand sales increased 29%.
Puig says it has a 10% global share of the selective distribution fragrance category. Sales got a lift from the successful launch of Fame, from Paco Rabanne; by the consolidation of Good Girl, from Carolina Herrera; and by the good performance of Scandal from Jean Paul Gaultier. Niche brands reaffirmed their growth plan in Asia with the opening of new own points of sale for Penhaligon’s and L’Artisan Parfumeur in China. Dries Van Noten presented its first collection of perfumes with a line of 10 gender fluid fragrances in refillable bottles.
Makeup posted the biggest gains in 2022. Charlotte Tilbury was the No. 1 makeup brand in the UK, and it became even stronger in 2022 due to the strength of products such as its Pillow Talk color range.