Puig – Beautifaire

29 Feb

After per week of untamed speculation and inaccurate press reports, Byredo has a buyer. Puig has acquired a majority stake within the brand founded by Ben Gorham in 2006. The brand, which has been backed by family office Manzanita since 2013, is claimed to have been considering deal options since last September, when it reportedly hired Goldman Sachs to contemplate a deal. The transaction comes during a time of major growth within the fragrance market. Last week, Le Figaro reported that L’Oréal was acquiring a majority stake within the brand, which sources near the brand on the time denied. Terms of the deal weren't disclosed, but Gorham will proceed as chief creative officer and Manzanita Capital will remain as a shareholder, based on a...

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6 Nov

Puig Expands Headquarters in Barcelona – WWD

by Beautifaire101

Beauty, Featured

PARIS – Puig has expanded its headquarters in Barcelona, Spain, and opened a second tower. “With this recent addition, we double the surface of our HQ as an emblem of our global growth and momentum, while we reaffirm our values and sustainability commitments and maintain our roots in town that saw our birth in 1914,” Marc Puig, chairman and chief executive officer of Puig, said in a press release Monday. “Our operations teams have just began a phased move that may proceed until the tip of the yr to make sure a smooth transition for our employees.” The constructing stands next to the Spanish beauty and fashion company’s first tower within the Plaza Europa business area and incorporates the group’s operations hub...

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24 Oct

Puig Becomes a Beauty and Fashion Dynamo – WWD

by Beautifaire101

Beauty, Featured

PARIS — Puig has built itself right into a 3 billion-euro-plus beauty and fashion powerhouse. Masterminding the fastidiously planned and executed evolution is Marc Puig, a third-generation member of the Spanish group’s founding family. He became the privately held company’s chief executive officer in 2004 and added chairman to his title in 2007. “Since 1914, every generation of the Puig family has endeavored to depart behind a greater and stronger company than the one they inherited, guided by a way of doing business — the Puig way — that has been passed down from one generation to the subsequent,” said Marc Puig. “Our priority has at all times been to work on the success of our company and our brands for generations to...

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22 Sep

WWD to Honor Van Noten, Gennette, Chloé, On, Puig,

by Beautifaire101

Beauty, Featured

When the red carpet is rolled out for the WWD Honors ceremony on Oct. 24, a few of fashion’s buzziest leaders will take their turn within the highlight and be recognized for pushing fashion forward, at the same time as they nimbly navigate an advanced market. Maria Grazia Chiuri, artistic director of womenswear collections at Dior, is topping the bill and receiving the John B. Fairchild Honor, as previously revealed. The dignity recognizes a profession of influence and distinction and is known as after WWD’s legendary chairman and editorial director. Chiuri will probably be in good company on the event, which caps off the primary day of the WWD Apparel & Retail CEO Summit at Cipriani South Street in Manhattan. Maria Grazia Chiuri...

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