08.02.21
Spain
www.puig.com
Sales: $1.5 billion
Corporate sales $1.75 billion
Key Personnel
Marc Puig Guasch, chairman and chief executive officer; Javier Bach, chief operating officer; Manuel Puig Rocha, vice chairman; Ana Trias, senior vice president, prestige and premium brands; Jose Manuel Albesa, president, brands, markets and operations; Vincent Thilloy, senior vice president, prestige and alternative brands; Joan Albiol, chief financial officer; Pilar Trabal, senior vice president, Europe, Middle East and Africa; Eulalia Alfonso, chief human resources officer; Pedro Escudero, senior vice president, Americas
Major Products
Beauty and Fashion Division: Paco Rabanne, Carolina Herrera, Jean Paul Gaultier, Nina Ricci, Dries Van Noten, Penhaligon’s and L’Artisan Parfumeur; the beauty product licenses of Christian Louboutin and Comme des Garçons Parfums, and the Lifestyle brands Adolfo Dominguez, Antonio Banderas, Shakira and Benetton; Charlotte Tilbury Division: makeup by Charlotte Tilbury; Derma Division: Uriage, Apivita and the 50% stake in Isdin
New Products
Invictus Victory by Paco Rabanne; Carolina Hererra Amethyst Haze Eau de Parfum, CH Under the Sea Eau de Parfum for Men & Women, Gold Myrrh Absolute Eau de Parfum; John Paul Gaultier Scandal fragrance; Nina Ricci Nina Rose fragrance; Charlotte Tilbury’s Instant Look of Love in a Palette, Magic Lip Scrub, Eyes to Mesmerize, Pillow Talk Lip & Cheek Glow (relaunch), Pillow Talk Mascara
Comments: As expected, Puig’s sales were severely affected by the COVID-19 pandemic; total revenues fell 24%. For the first time recent history, Puig ended the year with a loss. Yet company executives still expect to double sales in three years and triple them in five.
Besides monetary losses, the company suffered an emotional loss as well. Mariano Puig Planas, former president of the beauty company that bears his name, passed away this year. He was 93. Puig is credited with the group’s international expansion. During his career he led the group’s move into fragrance and fashion by signing deals with designers such as Paco Rabanne and Carolina Herrera.
Puig reorganized its business structure with the creation of three divisions: Beauty and Fashion, Charlotte Tilbury, and Derma all operational as of January 1, 2021. The newly created Derma division includes Uriage, Apivita and Isdin. Puig has stakes in all three brands. Together, they make Puig the No. 3 player in the European dermo-cosmetic sector.
In late 2020, Puig launched AI.LICE, technology that enables consumers to preview the scent of a perfume in real time without actually testing or smelling it.
Puig is increasing its sustainability efforts, too. In 2020, the corporate carbon footprint fell 34%, due, on the one hand, to the continuity in the implementation of environmental initiatives and, on the other, to the high impact on the company’s level of activity caused by the pandemic. Despite having considerably reduced emissions, Puig decided to maintain its commitment to acquire carbon credits, further minimizing its environmental impact. During 2020, Puig carried out a CDP (Carbon Disclosure Project) climate questionnaire for the first time, taking a further step in the measurement, transparency and adoption of measures that directly reduce greenhouse gas emissions.
www.puig.com
Sales: $1.5 billion
Corporate sales $1.75 billion
Key Personnel
Marc Puig Guasch, chairman and chief executive officer; Javier Bach, chief operating officer; Manuel Puig Rocha, vice chairman; Ana Trias, senior vice president, prestige and premium brands; Jose Manuel Albesa, president, brands, markets and operations; Vincent Thilloy, senior vice president, prestige and alternative brands; Joan Albiol, chief financial officer; Pilar Trabal, senior vice president, Europe, Middle East and Africa; Eulalia Alfonso, chief human resources officer; Pedro Escudero, senior vice president, Americas
Major Products
Beauty and Fashion Division: Paco Rabanne, Carolina Herrera, Jean Paul Gaultier, Nina Ricci, Dries Van Noten, Penhaligon’s and L’Artisan Parfumeur; the beauty product licenses of Christian Louboutin and Comme des Garçons Parfums, and the Lifestyle brands Adolfo Dominguez, Antonio Banderas, Shakira and Benetton; Charlotte Tilbury Division: makeup by Charlotte Tilbury; Derma Division: Uriage, Apivita and the 50% stake in Isdin
New Products
Invictus Victory by Paco Rabanne; Carolina Hererra Amethyst Haze Eau de Parfum, CH Under the Sea Eau de Parfum for Men & Women, Gold Myrrh Absolute Eau de Parfum; John Paul Gaultier Scandal fragrance; Nina Ricci Nina Rose fragrance; Charlotte Tilbury’s Instant Look of Love in a Palette, Magic Lip Scrub, Eyes to Mesmerize, Pillow Talk Lip & Cheek Glow (relaunch), Pillow Talk Mascara
Comments: As expected, Puig’s sales were severely affected by the COVID-19 pandemic; total revenues fell 24%. For the first time recent history, Puig ended the year with a loss. Yet company executives still expect to double sales in three years and triple them in five.
Besides monetary losses, the company suffered an emotional loss as well. Mariano Puig Planas, former president of the beauty company that bears his name, passed away this year. He was 93. Puig is credited with the group’s international expansion. During his career he led the group’s move into fragrance and fashion by signing deals with designers such as Paco Rabanne and Carolina Herrera.
Puig reorganized its business structure with the creation of three divisions: Beauty and Fashion, Charlotte Tilbury, and Derma all operational as of January 1, 2021. The newly created Derma division includes Uriage, Apivita and Isdin. Puig has stakes in all three brands. Together, they make Puig the No. 3 player in the European dermo-cosmetic sector.
In late 2020, Puig launched AI.LICE, technology that enables consumers to preview the scent of a perfume in real time without actually testing or smelling it.
Puig is increasing its sustainability efforts, too. In 2020, the corporate carbon footprint fell 34%, due, on the one hand, to the continuity in the implementation of environmental initiatives and, on the other, to the high impact on the company’s level of activity caused by the pandemic. Despite having considerably reduced emissions, Puig decided to maintain its commitment to acquire carbon credits, further minimizing its environmental impact. During 2020, Puig carried out a CDP (Carbon Disclosure Project) climate questionnaire for the first time, taking a further step in the measurement, transparency and adoption of measures that directly reduce greenhouse gas emissions.