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, […]