×
858
Fashion Jobs
HUGO BOSS
E-Commerce Operations & Logistics Manager
Permanent · London
VF INTERNATIONAL
Senior Credit Controller - Multibrand
Permanent · CALVERTON
EASTPAK
Credit Team Leader - Eastpak
Permanent · CALVERTON
HUGO BOSS
Buyer Emea
Permanent · London
ESTÉE LAUDER
Aveda - Omni National Account & Operations Executive
Permanent · London
ESTÉE LAUDER
Demand Planner - Supply Chain
Permanent · London
ESTÉE LAUDER
Director, International Business Development (Maternity Cover)
Permanent · London
PAUL SMITH
International Sales Executive
Permanent · LONDON
EASTPAK
Sales Manager
Permanent · LONDON
NEW BALANCE
Category Merchandising Manager Emea, Running Footwear
Permanent · Warrington
CONFIDENTIEL
Warehouse Area Manager
Permanent ·
ESTÉE LAUDER
Clinique - Consultant - John Lewis, Liverpool - 26 Hours - Part Time, Permanent
Permanent · Liverpool
ESTÉE LAUDER
Clinique - Consultant - Boots-Aintree, Liverpool - 11 Hours - Part Time, Permanent
Permanent · Liverpool
ESTÉE LAUDER
Clinique - Consultant - Fenwick, Newcastle - 12 Hours - Part Time, Permanent
Permanent · Newcastle upon Tyne
ESTÉE LAUDER
Clinique - Consultant - Boots, Bishops Stortford - 7.5 Hours - Part-Time - Permanent
Permanent · Bishop's Stortford
ESTÉE LAUDER
Clinique - Consultant - Boots, st Davids Cardiff - 37.5 Hours - Full Time, Permanent
Permanent · Cardiff
ESTÉE LAUDER
Clinique - Consultant - Boots, Oracle Reading - 28 Hours - Part Time, Permanent
Permanent · Reading
ESTÉE LAUDER
Clinique - Consultant - Flannels, Sheffield Meadowhall - 22.5 Hours - Part Time, Permanent
Permanent · Sheffield
ESTÉE LAUDER
Clinique - Consultant - John Lewis, Cribbs Causeway - 37.5 Hours - Full Time, Permanent
Permanent · Bristol
ESTÉE LAUDER
Clinique - Consultant - Boots, st Davids Cardiff - 30 Hours - Full Time, Permanent
Permanent · Cardiff
ESTÉE LAUDER
Art Director
Permanent · London
ESTÉE LAUDER
Clinique - Consultant - Fenwick, Bracknell - 11.5 Hours - Part Time, Permanent
Permanent · Bracknell
Translated by
Nicola Mira
Published
Apr 24, 2017
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Puig's revenue up 9% to €1.79 billion in 2016, net income up 23%

Translated by
Nicola Mira
Published
Apr 24, 2017

The Catalan fragrance and fashion group is back on the profitability track. In 2015, its net income was down 28%, to €126 million, due to the costs of adding Jean Paul Gaultier to its portfolio, but in 2016 Puig posted a 23% rise in net income, reaching €155 milion.


Lady Million Privé and 1 Million Privé, the new versions of the two best-selling Paco Rabanne fragrances - Puig


Puig's annual revenue was also on an upward trajectory, reaching €1.79 billion and rising 9% at published figures and 5% in like-for-like terms and at constant exchange rates. An 85% share of Puig sales is generated outside of Spain, and 44% of them come from emerging markets.

The positive trend was confirmed in the first quarter of the 2017 fiscal year, which saw a 13% rise in revenue for the group which owns the Carolina Herrera, Nina Ricci, Paco Rabanne, Jean Paul Gaultier, Penhaligon’s and L’Artisan Parfumeur brands, and also operates the fragrance licenses for Prada, Valentino and Comme des Garçons. The result means the group is on course to reach its 2015-2017 objective of topping the mark of €2 billion in sales by the end of the period, equivalent to a 33% increase in three years.

Puig recently lost Ralph Toledano, who stepped down as President of the fashion division and was replaced by José Manuel Albesa. The group has attributed its robust revenue rise to the addition of Jean Paul Gaultier to its portfolio, as well as to the launch of fragrances like Prada Homme and Femme, Luna by Nina Ricci, and Good Girl by Carolina Herrera. Puig also remarked on the growth of Penhaligon's, a brand bought in 2015 which has opened new stores in the USA and Paris.

Other additions to Puig's brand portfolio in 2016 included EB Florals, a US niche fragrance label in which the group bought a minority stake in April, and Brazilian company Granado, a specialist in organic cosmetics, in which Puig acquired a minority interest last September. 

Puig is headquartered in Barcelona and has more than 4,400 employees worldwide, 40% of them is Spain. The group operates 22 foreign subsidiaries, including the recently established ones in Colombia and Australia, and distributes its products in over 150 countries. All of its fragrances are manufactured at the group's own production sites, located in Spain and France.

Copyright © 2021 FashionNetwork.com All rights reserved.