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But founder remains a minority owner.
June 4, 2020
By: Happi Staff
Puig will acquire a majority stake in Charlotte Tilbury Beauty, according to a statement released today, reports say. Financial details were not disclosed. Tilbury is a makeup artist who founded her namesake brand in 2013. She will keep a minority stake in the company. Puig is partnering with BDT Capital Partners for the transaction. Shown on the left above is Charlotte Tilbury's new Desert Haze Luxury Palette that features velvet-like matte textures; and on the right is its heart-shaped applicator that comes with its best-selling Pillow Talk Collagen Lip Bath, an award-winning lip gloss that contains marine collagen. Puig is a third-generation business based in Barcelona, known for its fashion and fragrance brands. It was ranked no. 23 in Happi's The International Top 30 in 2019.
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