Sales: $2.0 billion
Marc Puig Guasch, chairman and chief executive officer; Manuel Puig Rocha, vice chairman; José Manuel Albesa, president, brands, markets and operations; Joan Albiol, chief financial officer; Eulalia Alfonso, chief human resources officer; Javier Bach, chief operating officer; Ana Trias, chief brands officer, Carolina Herrera, Nina Ricci and Dries Van Noten; Vincent Thilloy, chief brands officer, Paco Rabanne and Jean Paul Gaultier; Pilar Trabal, executive vice president, Europe, Middle East and Africa; Pedro Escudero, executive vice president, Americas
Fragrances, cosmetics and toiletries. Major brands include Prada, Comme Des Garcons, Nina Ricci, Carolina Herrera, Paco Rabanne, John Paul Gaultier, Antonio Banderas, Shakira, United Colors of Benetton, Payot
Carolina Herrera makeup, Bad Boy by Carolina Herrera fragrance and Pacollection by Paco Rabanne. Charlotte Tilbury (acquisition)
Comments: Last year marked the second year of Plan Da Vinci, Puig’s strategy to focus on its core fragrance business and enhance the expansion of the category through innovation. In 2019, Puig products were sold in more than 150 countries. Puig expanded its presence in luxury makeup and skin care with the acquisition of Charlotte Tilbury. The move enhances Puig’s position in the category and makes it a strong “three-axis” (skin, makeup, fragrance) global competitor in the luxury beauty space, according to Puig.
Despite the moves, for the second year in a row, sales were relatively flat at Puig, a company that over the years has insisted it will become a three billion euro firm by 2025. Clearly, it still has a long way to go and grow.
Last year, Puig completed its internal Let’s Switch initiative aimed at speeding up digital transformation. Using energy derived from biomass at its Chartres and Vacarisses plants, Puig was able to decrease greenhouse gas emissions by 57% and 14%, respectively. In fact, Puig said its 2019 Sustainability Program achieved and even exceeded the objectives set for 2020.