Puig is Spain's largest beauty and couture company, still privately owned by the descendants of founder Antonio Puig, who first established the business in 1914. The group is best-known internationally for its small collection of high-end fragrance brands, and is now #6 in that sector. It owns the Paco Rabanne, Nina Ricci and Jean-Paul Gaultier brands and produces Prada, Christian Louboutin and Commes des Garcons fragrances under license. It also markets branded fragrance for Benetton, the pop singer Shakira and actor Antonio Banderas, as well as a sizeable collection of lower priced fragrances for the Spanish market. For many years Puig's main fashion subsidiary was Carolina Herrera, but it has successfully relaunched the Nina Ricci and Paco Rabanne fashion labels, and acquired a controlling stake in Jean-Paul Gaultier in 2011 from Hermes. It took back the JPG fragrance license from Shiseido when that contract expired at the end of 2015. More recent additions to the portfolio are the British fragrance brand Penhaligon's, added in 2015, and fashion designer Dries van Noten, in which Puig acquired a majority stake in 2018. The group has an alliance in several markets with Clarins; the French company distributes Puig's brands in North America; Puig reciprocates in Brazil. Puig group revenues for 2017 rose to €1.94bn, up 8% but slightly below the €2bn target the group had set for itself, as a result of exchange rates. Fragrances are thought to account for around €1.65bn. The majority of sales are split between Europe and Latin America. Marc Puig is chairman & CEO; his brother Manuel is vice chairman.
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Capsule checked 26th March 2019
Recent stories from Adbrands Update:
Adbrands Weekly Update 29th Jan 2015: Fashion and cosmetics group Puig acquired the traditional British perfumier Penhaligon's and its French counterpart L'Artisan Parfumeur for an undisclosed sum. The businesses were previously owned by private equity group Fox Paine & Co.
Adbrands Weekly Update 27th Feb 2014: TBWA Paris conceived the stunning digital imagery of this extended spot for Puig's Parfums Nina Ricci (and also in passing for famed patissiers Laduree). It's lovely in its own right but the perfect soundtrack comes from French composer Bruno Coulais and the Children's Choir of Nice. If you think you've heard it before you're probably right - it's actually the end title theme from US animated movie Coraline.
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