Spanish beauty and fragrance conglomerate Puig is suffering financially as a result of buying up the IP rights on Jean Paul Gaultier perfumes, several Spanish media sources have claimed.
Puig CEO confirms negative impact of Gaultier buy-out
The Spanish family-owned business bought out the Jean Paul Gaultier rights in 2015
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Finance
Estée Lauder Companies and Puig founding families rumoured to meet ahead of potential merger
The two beauty giants’ founding families are allegedly set to meet to discuss the terms of a potential merger, which, if completed, would value the combined ELC and Puig business at around US $40billion
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Finance
Analysis: Are we entering a new era of beauty megacorporations?
From L’Oréal acquiring Kering’s entire beauty division, to the potential merger between Estée Lauder Companies and Puig, are we entering a new era of beauty megacorporations? And is this concentration of beauty giants good or bad?