Puig Restructures, Outlines Growth Strategy

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The staff has laid out an bold plan to go back to enlargement with a purpose to rebound impulsively from the pandemic and surpass €four billion in gross sales via 2025. Sales are anticipated to dip to €1.five billion this 12 months, down from €2 billion remaining 12 months.

The corporate’s five-year technique comes to rising Paco Rabanne and Carolina Herrera into billion-euro manufacturers, and scaling attractiveness manufacturers Charlotte Tilbury and Isdin to every succeed in €500 million in gross sales.

To make stronger its ambitions, the corporate has reorganised its industry into 3 divisions. The largest, Beauty and Fashion, will space nearly all of Puig’s manufacturers, together with Paco Rabanne, Carolina Herrera and Dries Van Noten, in addition to licences for Christian Louboutin and Comme des Garçons Parfums. Charlotte Tilbury, of which Puig received a majority stake in June, will take a seat as its personal department, whilst the newly created Derma department will space Uriage, Apivita and Isdin. 

The corporate may even build up its stakes in Loto del Sur, primarily based in Colombia, and Kama Ayurveda, primarily based in India, to grow to be a majority shareholder

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