In a significant shift within the beauty landscape, Puig, the Spanish fashion and beauty conglomerate, has announced that it will assume full ownership of Charlotte Tilbury’s cosmetics brand by early 2031. This move comes five years after Puig initially acquired a majority stake in the company in 2020. The extension of their partnership to 2030 […]
Puig Shares Drop After Withdrawal of Some Batches of Charlotte Tilbury Spray
In a startling turn of events for the luxury beauty and fashion sector, Puig’s shares saw a substantial decline following the company’s announcement of a voluntary recall of select batches of its Charlotte Tilbury makeup setting spray. The move, described as a precautionary measure due to an isolated quality issue found during routine product testing, […]
Puig Reports 26% Drop in Profit on IPO Costs
In a significant development for the luxury beauty and fashion sector, Puig, the Barcelona-based company known for its prestigious perfume brands such as Rabanne, Carolina Herrera, and Jean Paul Gaultier, reported a striking 26% decline in net profit for the first half of the year following its initial public offering (IPO) in May. The results, […]