Puig news and archive

Puig restructures its board and calls annual general meeting for May 29

Madrid – In a somewhat surprising move, Puig announced late on Monday evening the resignation of Josep Oliu, chairman of Banco Sabadell, from his position as a director on the company's board, which is chaired by Marc Puig. This news was framed within the announcement of Puig's upcoming Annual General Meeting, now scheduled for May 29. The...

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Puig and Estée Lauder merger moves closer as negotiations advance

Madrid – Since confirming on March 24 that they were in negotiations for a potential merger of their respective businesses, Puig and The Estée Lauder Companies have not provided any new official information. The only exception was a statement in which the Spanish company updated its financial calendar at the end of that week. This has not...

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Puig: The group that dreamed of becoming LVMH, yet may disappear under Estée Lauder's shadow

Madrid – Everyone has a price. This stark premise lies at the core of the current negotiations for a “potential” merger between the US group The Estée Lauder Companies and Spain’s Puig. The deal, should it materialise at the right valuation, could effectively subsume Puig’s 112-year history. Founded in 1914 in Barcelona by Antonio Puig Castelló...

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Estée Lauder loses 5.22 billion dollars on stock market after confirming Puig negotiations

Madrid – In Spain, investors, the market and analysts have enthusiastically welcomed the talks between Puig and The Estée Lauder Companies for a potential merger agreement. A decidedly opposite sentiment is being felt on the other side of the Atlantic, where the US beauty multinational's shares recorded another session in the red on March 24. On...

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Puig and Estée Lauder confirm merger negotiations

Madrid – A potential, and it must be stressed potential, merger of giants in the fashion and beauty world is on the horizon. Both the Spanish company Puig, owner of Carolina Herrera and Jean Paul Gaultier, and the US-based The Estée Lauder Companies, which owns Tom Ford, Clinique and Mac, have confirmed they are in negotiations to merge. This...

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Carolina Herrera presents the Spring/Summer 2026 eyewear campaign

The Spring/Summer 2026 Carolina Herrera Eyewear Collection reinterprets the House’s iconic codes with bold silhouettes and a refined, modern palette of colors. First unveiled on the runway of Madrid Fashion Show alongside Wes Gordon’s latest creations, the collection— featuring both sunglasses and optical frames —comes to life in a campaign...

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Jose Manuel Albesa appointed new CEO of Puig

Madrid – Puig, the Spanish fashion and beauty multinational that owns fashion houses such as Jean Paul Gaultier, Nina Ricci, Rabanne and Carolina Herrera, has announced the immediate appointment of Jose Manuel Albesa as the company's new sole chief executive officer. He takes over from Marc Puig, who will continue to steer the multinational's...

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Puig surpasses 5 billion euros in turnover and boosts profits by 13 percent

Madrid – Following the update from FashionUnited earlier this week, the Spanish fashion and beauty multinational Puig Group presented its annual results for the 2025 financial year on Wednesday. This marks the first time the company has done so before the start of a trading session since its stock market debut. The fiscal year ended on December...

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Puig growth slows to +3.17 percent, impacted by exchange rates

Madrid – Puig, the Spanish fashion and beauty multinational owning a brand portfolio that includes Carolina Herrera, Jean Paul Gaultier and Rabanne, has reported its sales for the third quarter of its current 2025 fiscal year. For the period ending September 30, the company was affected by exchange rates, closing with a revenue increase of +3.17...

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JP Morgan cuts Puig's share value to 12.50 euros, hitting a new stock market low

Madrid – Shares for the Spanish fashion and beauty group Puig hit a new all-time low during trading on Thursday, October 9, plummeting by 6.70 percent. This sharp decline was triggered by a major shift in stance from US investment bank JP Morgan, which reportedly cut its valuation of Puig's share price by 50 percent. The bank drastically lowered...

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Puig shares hit new lows as Bank of America cuts rating

Madrid – Puig has taken another hit on the stock market, with its shares slipping below 14 euros and hovering around 13 euros per share. The drop underscores how far the Spanish fashion and beauty company has fallen since its May 2024 IPO, when it debuted at 24.50 euros per share. The decline comes despite strong half-year results published in...

Fashion

Puig showcases Carolina Herrera SS26 collection in Madrid

Madrid – Puig, the Spanish multinational, exhibited a remarkable display of influence, convening power, and leadership within the fashion and beauty industry. This was showcased in Madrid with the presentation of Carolina Herrera's new SS26 collection. Carolina Herrera is one of the largest assets held by the company chaired by Marc Puig. Since...