×
105
Fashion Jobs
BESTEAM PERSONNEL CONSULTANCY LTD.
Divisional Sales Manager
Permanent · TIJUANA
SHISEIDO
Senior Manager - Marketing, Ipsa
Permanent · Hong Kong
BESTEAM PERSONNEL CONSULTANCY LTD.
Logistics & Warehouse Manager
Permanent · CLEARWATER
BESTEAM PERSONNEL CONSULTANCY LTD.
Head of Product Development And Fit (Garment, Fashion Accessories, Home Textile, Etc.)
Permanent · CLEARWATER
BESTEAM PERSONNEL CONSULTANCY LTD.
Merchandising Manager (Baby Wear) - Dongguan
Permanent · CLEARWATER
BESTEAM PERSONNEL CONSULTANCY LTD.
Finance Manager
Permanent · CLEARWATER
BESTEAM PERSONNEL CONSULTANCY LTD.
Technical Manager
Permanent · CLEARWATER
BESTEAM PERSONNEL CONSULTANCY LTD.
Factory Manager (Stationed in Bangladesh)
Permanent · CLEARWATER
BESTEAM PERSONNEL CONSULTANCY LTD.
General Manager (Stationed in Bangladesh)
Permanent · CLEARWATER
SHISEIDO
Senior Officer - Talent Acquisition, Human Resources
Permanent · Hong Kong
SHISEIDO
Network & Security Specialist, Information And Technology Transformation
Permanent · Hong Kong
BESTEAM PERSONNEL CONSULTANCY LTD.
National Business Trainee (3d Artistist / Designer) - 2-Year Programme
Permanent · CLEARWATER
BESTEAM PERSONNEL CONSULTANCY LTD.
Fabric Manager
Permanent · CLEARWATER
BESTEAM PERSONNEL CONSULTANCY LTD.
Merchandising Manager – Beauty Accessories & Fashion Accessories
Permanent · CLEARWATER
SHISEIDO
Travel Retail - Area Sales Manager, Greater China, Prestige, Cpc & Fragrance
Permanent · Hong Kong
SHISEIDO
Manager - Finance And Accounts (Business Process, Operations & Financial Compliance)
Permanent · Hong Kong
SHISEIDO
Senior Manager - Financial Planning & Analysis, Finance And Accounts
Permanent · Hong Kong
NIKE
HR Manager/Assistant Manager - Hrbp (1-Year Contract)
Permanent · Hong Kong
PUMA
Executive, Key Account - Partner Store
Permanent · Hong Kong
FOOT LOCKER
Sales Associate - Part Time (Hong Kong, Gala Place)
Permanent · Hong Kong
SHISEIDO
Senior Officer, Corporate Communications
Permanent · Hong Kong
SHISEIDO
Assistant Manager - Influencer Marketing, Clé de Peau Beauté
Permanent · Hong Kong
Translated by
Robin Driver
Published
Dec 10, 2020
Reading time
3 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Puig restructures and revises growth plans

Translated by
Robin Driver
Published
Dec 10, 2020

Like many of its industry peers, the Puig group has suffered from the impact of Covid-19. Having completed one of the most important acquisitions since the start of the pandemic with its purchase of a majority stake in the Charlotte Tilbury brand for 1 billion euros in June, the Catalonian company has published its financial predictions for the future. Due to the decline in sales caused by the coronavirus crisis, the group expects its annual sales to reduce to 1.5 billion euros this year, down 26% from the 2.0 billion euros achieved in 2019. 


Puig Tower - Grupo Puig


"As the effects of Covid-19 start to recede, Puig expects a significant upturn in its business in 2021, which will exceed the 2.0 billion euros achieved in 2019," said the Spanish conglomerate in a release published on Wednesday, 9 December. In this way, the company hopes to limit the damage done to sales during the current fiscal year, in order to build up momentum in 2021 and hit its goal of 3.0 billion euros in revenues in 2023. 

According to the company's predictions, this figure should rise to 4.0 billion euros in 2025. Puig therefore expects that, within five years, Paco Rabanne and Carolina Herrera will each achieve 1.0 billion in revenues. By then, sales at Isdin and Charlotte Tilbury should also rise to 500 million euros, while other businesses, such as the Jean Paul Gaultier, Penhaligon's, Dries Van Noten, Uriage, Apivita and L'Artisan Parfumeur brands and the Christian Louboutin license are predicted to be posting between 100 million and 500 million euros in revenues. 

"In this context, the company predicts significant growth thanks to digital penetration and growth in China, which will account for 30% and 25% of sales, respectively, in 2025," explained the group, which is owned by the Puig family. The company also stated that it has signed agreements which will "allow it to achieve majority positions in companies where it currently has a minority presence," as in the case of Colombia's Loto del Sur and India's Kama Ayurveda. 

A renewed company structure



Beauty and Fashion, Charlote Tilbury and Derma: these are the three divisions recently created by Puig, with which the company will start to work from 1 January 2021. The first will be made up of the Paco Rabanne, Carolina Herrera, Jean Paul Gaultier, Nina Ricci, Dries Van Noten, Penhaligon's and L'Artisan Parfumeur brands, as well as the company's beauty licenses for Christian Louboutin and Comme des Garçons Parfums, and lifestyle labels Adolfo Domínguez, Antonio Banderas, Shakira and Benetton. According to Puig, the fragrance business of these brands puts the company in fifth place in the global selective perfumery ranking, with a market share of 10%.

Secondly, the Charlotte Tilbury beauty brand will have its own dedicated division. And last of all, the Derma division will include the Uriage and Apivita brands, in which Puig owns a majority stake, as well as the company's 50% stake in Isdin. "Together these three brands make Puig the third largest player in the European pharmacy-sold dermocosmetics sector," explained the company. 

Founded in 1914 by the family of the same name, Puig is currently led by Marc Puig. In 2019, the group saw its annual revenues rise 5% to 2.0 billion euros. At the present time, the Barcelona-based company distributes its products in 150 international markets. 

Copyright © 2022 FashionNetwork.com All rights reserved.