Puig 2020 Sales

Apr 28th, 2021

Jacquelyn Schlabach

Puig has announced it achieved net revenues of 1.53 billion euros.

Puig has announced it achieved net revenues of 1.53 billion euros.

Puig has announced its 2020 financial report that shows it achieved net revenues of 1.53 billion euros, which represented a 32% decrease on a like-for-like basis compared with 2019.

Previously: Interparfums Q1 2021 Sales

Since January 1, 2021, following the incorporation of the brands Uriage, Apivita and the company’s 50% stake in Isdin, Puig has reorganized its business structure into three divisions: Beauty and Fashion Division, Charlotte Tilbury and Derma Division.

As a result of the restructure, Puig is aiming to exceed revenues of €3.0 billion in 2023 and reach €4.5 billion in 2025 by doubling current turnover in 2023 and tripling it in 2025.

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In March, Puig reported that full-year 2023 sales increased 19% to €4.3 billion.

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Funds will be used to "refinance recent acquisitions of additional ownership in the prestige fragrance label Byredo and Charlotte Tilbury brands," while setting the company up for future acquisitions and expansions in Asia Pacific and skin care.

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