There are flowers with a scent that's almost impossible to escape. And this story of a thousand fragrances begins with one of them, the jasmine that gave its name to the street in Vilassar de Dalt where Antonio Puig Castelló was born on October 19, 1889. His father, Simón, was a farmer who had done well selling potatoes in the United Kingdom and had been able to move to London. From the British capital, he returned with various products to import, among them perfumes from the French firm D'Orsay. From that moment on, despite episodes such as the defection of his first business partner in America with his secretary or the sinking of a ship loaded with his products by a German submarine, his surname has remained inextricably linked to aromas. Puig is today a company with more than 4.3 billion euros in annual sales, selling its products to more than 150 countries and hiding behind such globally recognized brands as Paco Rabanne, Carolina Herrera, Jean Paul Gaultier, Nina Ricci or Charlotte Tilbury.

The Catalan multinational fragrance company Puig has appointed a new CEO. Executive José Manuel Albesa, currently the company's deputy CEO, will assume this role, which is currently held—along with the chairmanship of the group—by Marc Puig, the company announced in a statement on Tuesday. With this appointment, Marc Puig will step down from the chairmanship but will remain as executive chairman. "Marc Puig will work closely with José Manuel Albesa to align the strategic vision, while remaining focused on the mergers and acquisitions strategy," the statement reads. The appointment is effective immediately and has already been approved by the multinational's board of directors, with the endorsement of the appointments and remuneration committee. The decision to separate the chairmanship and CEO positions, which were previously held by the same person, is "in line with best practices for listed companies," according to the company. "The separation of roles aligns with the highest standards of best practices," the group's president stated in the same press release. Puig, a family-owned company since its inception, went public in May 2024 and It entered the select group of the Ibex 35 —the index that groups the 35 largest companies on the Spanish stock exchanges— two months later.

Puig's latest results, the second it has presented as a listed company on the Ibex 35, have once again set records. The Catalan fashion and fragrance company achieved profits of €594 million in 2025, 11.9% higher than the previous year, and sales of €5.042 billion, a 5.3% increase. Although the growth rate has slowed compared to its last results (when profits soared 14.1% and revenue 11.3%), the multinational remains at all-time highs for the fifth consecutive year. "It's a record year, and we've grown above the premium beauty market," said the company's CEO, Marc Puig, this Wednesday during the press conference presenting the results. Adjusted EBITDA – the business's operating profit before accounting for financial and accounting effects – also increased by 7.8% to €1.045 billion, with a margin of 20.7%, exceeding the company's initial forecasts. Puig set its initial public offering (IPO) price in May 2024 at €24.5 per share, and it is now trading around €16.6, a drop of more than 30%. Regarding the company's performance after a year and a half on the stock exchange, Marc Puig explained that the five main companies with which they compete have fallen by 24% in the same period. "The sector had significant growth prospects, and that has had an impact. But we are not necessarily being valued for what we should be," the executive said. Today the stock market reacted well to the results, and its value jumped nearly 6% at the start of trading.

The Catalan multinational fashion and beauty company Puig reported sales of €3.596 billion through September, a 4.9% increase compared to the first nine months of last year. During the third quarter, the company achieved sales of €1.297 billion, a 3.2% increase. Unlike the publication of its half-year results, when the company also reported a profit of 247 million eurosIn this case, it has only provided information on billing to the National Securities Market Commission (CNMV). Since its initial public offering in May of last yearPuig's share price has plummeted, accumulating a drop of almost 22% in the last year. However, the president of the Barcelona-based corporation, Marc Puig, emphasized that the company has closed "another solid quarter" sustained by growth in all its business segments and the strength of its brands. "We are facing the Christmas season with full confidence, thanks to our solid execution capabilities, our disciplined management, and relevant launches," he added. For example, he highlighted the La Bomba perfume by Carolina Herrera, one of its flagship brands. This boost would have offset the slowdown in the fragrance market and the impact of exchange rates. Despite the ups and downs on the stock market, Puig has reaffirmed its outlook for 2025 and is confident that its sales growth will be between 6% and 8%. The fourth quarter is typically one of the most profitable for the company, coinciding with the Christmas season. The group's strategy will be updated during its next Capital Markets Day, to be held on April 16 and 17, 2026.

Puig continues to grow during its new phase as a listed company. The Catalan multinational perfume company achieved an adjusted net profit of €247 million during the first half of the year, a 3.9% increase compared to the same period last year, according to a report this Tuesday through the National Securities Market Commission (CNMV). Group sales reached €2.299 billion, representing an increase of 5.9% and, according to the company, a growth rate that is above the rest of the premium beauty market.

The Catalan fragrance and fashion group Puig held its first general shareholders' meeting this Wednesday after the IPO just over a year agoAlthough the share price has fallen by around 32% compared to its initial public offering during this time, the company's chairman, Marc Puig, boasted about having fulfilled the commitments made during its debut on the stock market. For example, in terms of sales—with a record turnover of €4.79 billion—business profitability, and shareholder remuneration.

Puig's first annual results as a new Catalan company listed on the Ibex 35 The fragrance and fashion company achieved profits of 531 million euros in 2024, 14.1% more than the previous year, as reported this Thursday in a statement sent to the National Securities Market Commission (CNMV). In that same year, during which it completed the jump to the stock market in May, recorded sales of 4.79 billion euros, 11.3% more. Meanwhile, its operating profit (Ebitda) increased by 12.3% to 969 million. "This puts us above the high single-digit growth that we announced during the IPO," recalled the company's executive president, Marc Puig, during a call with journalists to assess the accounts. The group has boasted of growing at a rate above the average of the premium beauty sector.