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Markets speak: Inditex rises and Puig falls after results presentation

Madrid – Puig and Inditex presented their respective balance sheets for the first half of 2025 between the afternoon of Tuesday, September 9 and the morning of Wednesday, September 10. The markets responded to these reports in clearly contrasting ways, reflecting both rejection and confidence from investors in their respective performances and...

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Puig promotes Jose Manuel Albesa to deputy CEO

Madrid – Coinciding with the publication of the results recorded at the close of the first half of 2025, Puig has announced the restructuring of its Executive Committee, with the creation of the new position of deputy CEO. This position has been designated to senior executive, Jose Manuel Albesa. According to the Spanish fashion and beauty...

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Business

Puig's net profit jumps 79 percent in first half of 2025

Madrid – Puig, the leading Spanish multinational in the fashion and beauty sectors and parent company of brands such as Carolina Herrera, Jean Paul Gaultier, Paco Rabanne, Nina Ricci, Byredo and Dries Van Noten, reported its results for the first half of the 2025 financial year after the market closed. This six-month period, ending on June 30,...

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Puig experiences slowdown in the Americas and in fragrances and fashion

Madrid – Puig, the leading Spanish multinational in the fashion and beauty sectors, has reported its sales figures for the second quarter of its 2025 financial year. This period ended on 30 June. The company acknowledges its accounts have been affected by exchange rates, especially due to the weakness of the US dollar. This weakness is a...

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Fashion

Jean Paul Gaultier returns to ready-to-wear

When Jean Paul Gaultier closed his ready-to-wear line six years ago to focus on haute couture and fragrances, there was little suggestion the French designer would one day return. Despite his illustrious career, the once-dubbed Enfant Terrible of Paris fashion is returning with a pret-a-porter line launching this week. A post on the brand’s...

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Puig acquires majority stake in Charlotte Tilbury

British makeup brand Charlotte Tilbury has sold a majority stake of its company to Barcelona-based Puig. The Spanish fashion and fragrance group announced in a statement on Thursday that it would be acquiring a majority stake in the brand, while Charlotte Tilbury’s founder will retain a significant minority stake. Additionally, investing...

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Nina Ricci hires Rushemy Botter and Lisi Herrebrugh as artistic directors

After bagging the Première Vision Grand Prize at the Hyères International Festival of Fashion and Photography in April for their men’s wear designs, Dutch designer duo Rushemy Botter and Lisi Herrebrugh are joining Nina Ricci as the new artistic directors for fashion, reports WWD. The reports added that the duo joins Puig, the Spanish fragrance...

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Fashion

In Pictures: Dries Van Noten launches exclusive collection at Mytheresa.com

An exclusive collection by Dries Van Noten is being launched at Mytheresa.com today, marking the first time the fashion house collaborates with an online retailer. The news comes less than a month after the Belgian fashion designer announced the sale of his eponymous label to Spanish luxury giant Puig. Read more: • Dries Van Noten acquired by...

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Fashion

Van Noten at Puig: can designers survive without a large corporate backing?

Dries Van Noten is a distinctive figure in the small circle of high-end fashion. To start, he is one of the few independent designers who have managed to keep his businesses afloat for several decades, without the support of a larger company. Secondly, the Belgian designer manages to stand out in media coverage without buying advertising space...

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Timeline: Puig, the centenary family business acquiring Dries Van Noten

Belgian designer Dries Van Noten announced yesterday that he has sold a majority stake of his label to Spanish group Puig, a third-generation family business which reported 1935 million euros in revenues in 2017. Active both in the fashion and beauty industries, Puig currently owns fashion houses Carolina Herrera, Jean Paul Gaultier, Nina Ricci...

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Dries Van Noten acquired by Puig

Dries Van Noten has sold a majority stake of its brand to Spanish group Puig, which also owns Carolina Herrera, Jean Paul Gaultier, Nina Ricci and Paco Rabanne. Van Noten will continue working for the brand as its chief creative officer and chairman, according to a join statement. He will also hold a significant amount of shares from the group....

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Christian Louboutin and Puig team up for new beauty license

Christian Louboutin has found a new fragrance party in Puig as it expands its beauty business. While their nail polishes have been a success, Louboutin is aiming to expand their fragrance business to compete with other top department store brands. In 2013, the two companies came together to create the vision for Louboutin's beauty category,...