Puig news and archive

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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Business

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...

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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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People

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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Business

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...

Fashion|In Pictures

Jean Paul Gaultier collaborates with Bratz

French fashion house Jean Paul Gaultier has unveiled a limited-edition collector doll with fashion doll brand Bratz from MGA Entertainment. The Bratz x Jean Paul Gaultier doll celebrates “radical self-expression through fashion,” and sees Bratz's ‘Sasha’ doll serving two looks that pay homage to Jean Paul Gaultier’s couture heritage, including a...

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Business

Byredo founder Ben Gorham’s exit marks a familiar pattern in beauty M&A

Ben Gorham, the founder and creative force behind Swedish fragrance label Byredo, is stepping away from the brand nearly two decades after its inception and three years after selling a majority stake to Spanish conglomerate Puig, reported Cosmetics Business. Founded in 2006, Byredo evolved from a niche fragrance label into a full-fledged...

Retail

Byredo expands beyond London with Victoria Leeds flagship

Moving away from the typical London-centric trajectory of luxury beauty, Swedish fragrance house Byredo is preparing to open its first standalone store outside the capital — a 2,154-square-foot boutique in the heart of Victoria Leeds. This move marks a geographic milestone for the cult label, but also reflects the broader rise of niche beauty in...

Retail|In Pictures

In Pictures: Dries Van Noten opens first New York store

Dries Van Noten has officially entered the Eastern US retail market. The Belgian fashion house has opened its first standalone store in New York City, building on its global presence. For the brand, which had already been present in the US at Saks Fifth Avenue stores, North America has long been a main global market. Thus, after inaugurating...

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Business

Puig maintains outlook after opening year with sales increase of 7.8 percent

Madrid – Even with a blackout and unprecedented problems in communications networks in the history of Spain, the fashion and beauty multinational Puig responded to its scheduled meeting with investors. As planned, it presented the sales figures recorded during the first quarter of its new fiscal year of 2025 on Monday, after the markets closed....