Puig on Track to Meet Goal of €2 Billion in Revenue in 2017

Apr 28th, 2017

Audrey Latimer

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Puig has announced its financial results for both 2016 and the first quarter of 2017.

2016 saw a net revenue €1.79 billion, which is a 9% increase from 2015. During the first quarter of 2017 its revenues grew by 13%.

The company states that it is on track to reach its goal of €2 billion in revenue in 2017.

Coty CEO Sue Nabi shares, 'Aligned with our broader sustainability goals across product, planet and people, our expanded gender-neutral parental leave policy underscores our holistic approach to sustainability for long-term success. It is a point of pride for all of us at Coty.'

Coty Announces Gender-neutral Parental Leave Policy Expansion in 2023 Sustainability Report

The policy sets a global minimum of 14 fully paid weeks for all employees, regardless of gender.

Mav Beauty Brands, home to brands like Marc Anthony True Professional, Renpure, Cake Beauty and The Mane Choice (pictured), has obtained the approval of the Ontario Superior Court of Justice for the sale of substantially all of its assets and subsidiaries to an affiliate of LA-based Nexus Capital Management LP.

Nexus Capital Acquires Mav Beauty Brands

Concurrent with the new agreement, trading of the company's common shares on the Toronto Stock Exchange has halted; its common shares will be delisted on December 21, 2023.

ParagonCorp: Where Beauty Meets Science

ParagonCorp: Where Beauty Meets Science

ParagonCorp succesfully held the 1st breakthrough event titled “Beauty Science Fest 2023” during last September as a bold commitment to provide high quality and accessible beauty products for consumers that strongly backed by science & latest technology.

Gelpro's Food-based Natural Collagen Supplements Target Inner Beauty

The collagen is exclusively sourced from Australian and New Zealand bovine hides, as well as marine and porcine alternatives.

Carlyle Group acquired a majority stake in Every Man Jack in 2020.

Report: Carlyle Group Selling Every Man Jack?

The brand could be worth around $400 million.

Kiehl's products are offered on the Instacart app and website at in-store pricing.

Kiehl's & Instacart Launch Same-Day Delivery

This partnership expands Instacart's skin care and beauty offerings by giving customers access to Kiehl's full lineup of skin and hair care products.

For fiscal 2023, the company expects net sales to decline 2.5% to 4% compared to $7.560 billion in 2022.

Bath & Body Works Announces Q3 2023 Results

Net sales were $1.562 billion, a decrease of 2.6% compared to net sales of $1.604 billion in the previous year.

Lindsay Holden, Britta Chatterjee and Shannon Kearney launched Odele in January 2020.

Odele Receives Minority Investment from Stride Consumer Partners

Odele has achieved 55% year-over-year growth between 2023 and 2022.

Stephid expects to achieve a double-digit turnover growth of almost €15m by 2023.

Anjac Health & Beauty Acquires Stephid

Anjac will be able to benefit from Stephid's cutting-edge expertise in top-of-the range manufacturing, packaging and kitting, with unique, tailor-made services of the highest quality.

Gross profit for Q3 was BRL 4.9 billion, as compared to BRL 5.2 billion in the previous year.

Natura &Co Q3 2023 Results

Net revenue was BRL 7.5 billion, as compared to BRL 8.4 in the previous year.

Global e-commerce sales during fiscal year 2023 were $348 million, representing 9.3% of net sales.

Sally Beauty Holdings Q4, Full-year Sales Decline

Consolidated net sales for the fourth quarter were $921 million, a decrease of 4.3% compared to the previous year.