Puig is a third-generation family-owned fashion and fragrance business based in Barcelona. Puig is primarily known as a fragrance house producing perfumes for the likes of Prada and Valentino. Puig currently sells its products in more than 150 countries and has affiliates in 26 of them.
Its last fashion house purchase was Jean-Paul Gaultier in 2011, while more recent acquisitions have been in the fragrance space, such as Penhaligon’s and L’Artisan Parfumeur. In 2018 Belgian designer Dries Van Noten sold a majority stake in his business to the Spanish fashion and fragrance house Puig, also home to Carolina Herrera. Industry watchers speculate that the Van Noten by may be the start of a bigger push into fashion.
In 2018, Puig reported €1,933 million in net revenues, a figure very similar to the previous year, and a reported 5% increase on a like-for-like and constant currency and accounting rules basis. Profit before tax represented 17% of net revenues. Net income reached to €242 million, or 13% of net revenues.