What's Happening?
Puig has promoted Jose Manuel Albesa to the newly created role of Deputy CEO, responsible for overseeing all divisions. Albesa will report to Marc Puig, the company's Chairman and CEO, while maintaining his current position as Beauty and Fashion President. This appointment is part of Puig's strategy to drive its vision and business growth. The company has seen significant growth, with sales reaching 2.3 billion euros in the first half of 2025, marking a 5.9% increase. Puig aims to outperform the premium beauty market, focusing on fragrance and makeup segments.
Why It's Important?
The creation of the Deputy CEO role and Albesa's appointment is crucial for Puig's continued growth and strategic development. Albesa's leadership is expected to enhance Puig's market position and drive innovation across its brands. The company's strong performance in the first half of 2025 indicates its resilience and ability to adapt to market changes. This move is likely to impact Puig's competitive edge in the beauty industry, benefiting its stakeholders and reinforcing its global presence.
What's Next?
Puig plans to launch new products and expand its market reach, including the rollout of Carolina Herrera's La Bomba fragrance and Charlotte Tilbury's distribution on Amazon in the U.S. The company is also focusing on skin care innovations and strengthening its fashion portfolio with new creative leadership. These initiatives are expected to drive Puig's growth and enhance its brand appeal, positioning it for continued success in the beauty and fashion sectors.
