×
75 455
Fashion Jobs
KOHLS
Full-Time Sales Supervisor - Hardlines
Permanent · Hamden
KOHLS
Full-Time Sales Supervisor - Hardlines
Permanent · Portage
KOHLS
Full-Time Sales Supervisor - Softlines
Permanent · Longmont
KOHLS
Los Angeles Metro Area East-Full-Time Loss Prevention Supervisor
Permanent · Riverside
KOHLS
Full-Time Loss Prevention Supervisor
Permanent · Fairfax
NORDSTROM
Retail Stock & Fulfillment - Ross Park
Permanent · Pittsburgh
NORDSTROM
Retail Stock - Cascade Station Rack
Permanent · Portland
GAP
General Manager - Chicago Premium
Permanent · Aurora
MACY'S
Asset Protection Security Guard, Mall at Prince Georges - Standard Part Time
Permanent · Hyattsville
MACY'S
Asset Protection Detective, Fayette Mall - Full Time
Permanent · Lexington
MACY'S
Asset Protection Detective, Wheaton Plaza - Standard Part Time
Permanent · Wheaton-Glenmont
MACY'S
Asset Protection Detective, Streets of South Point - Standard Part Time
Permanent · Durham
MACY'S
Asset Protection Detective, Queens Center - Full Time
Permanent · New York
MACY'S
Manager, Merchandise Execution
Permanent · Manassas
ABERCROMBIE AND FITCH STORES
Abercrombie & Fitch - Manager in Training, Dadeland
Permanent · Miami
ROSS STORES
Finance Manager (Logistics)
Permanent · Fort Mill
ROSS STORES
Store Protection Specialist
Permanent · Land O' Lakes
ROSS STORES
Senior Manager, HR Program Delivery
Permanent · Dublin
ROSS STORES
Director, Loss Prevention Regional (Lprd)
Permanent · Palm Beach Gardens
ROSS STORES
Store Protection Specialist
Permanent · Audubon
ASCENA
Part Time Sales Manager
Permanent · Portage
MICHAEL KORS
Part Time Sales Supervisor
Permanent · Elmhurst
Published
Apr 12, 2018
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Puig's profit shoots up 47% in 2017

Published
Apr 12, 2018

Catalan fashion and fragrance company Puig has reported revenues of 1.93 billion euros, an 8.1% increase, in fiscal 2017. In the last three years, the group – which owns Carolina Herrera, Nina Ricci, Paco Rabanne, Jean Paul Gaultier, Penhaligon's and L'Artisan Parfumeur, and also holds fragrance licenses from Prada, Valentino and Comme des Garçons – has therefore seen average annual growth of 28%, "well above the industry average", as pointed out by Puig, whose pre-tax profit totaled 310 million euros, growing 44%. For its part, the company's net profit came to 228 million euros, a 47% increase.


In March 2018, Christian Louboutin signed a global licensing deal with Puig for the design, development and distribution of its beauty lines. - DR


In 2017, 15% of Puig's revenue came from its domestic market, Spain, which saw a 7% increase. 44% of the company's sales were made in emerging economies, outside of the European Union and North America, which still achieved 793 million euros in revenue between them, an increase of 8%. Puig has also seen particular growth in its niche fragrance segment: Penhaligon's, L'Artisan Parfumeur and Eric Buterbaugh (EB Florals),in which Puig now holds a majority stake, demonstrated double-figure growth, driven by sales at their network of branded boutiques. 

In the coming years, Puig is hoping to see particularly strong growth in selective perfumery both through travel retail and on the Asian market, which is progressing at a rhythm almost two times faster than the global average. For this reason, the company has reinforced its position in South-East Asia, and signed deals with Luxasia, a company that specializes in the retail and omnichannel distribution of luxury beauty products in Asia, and with Trimex Pty Ltd, a Clarins subsidiary operating in Australia and New Zealand, to improve its position in Oceania. 

Puig is expecting to see growth of over 5% in 2018, which will be leveled out by the negative impact of exchange rates. For 2025, the group's ambition is to achieve 3 billion euros in revenue.  
 
And to help accelerate growth, Puig has launched its platform Puig Furures, a kind of innovation incubator which aims to create new business models and foster partnerships, but above all to invest in innovative companies. 

Puig currently employs 4,472 people and sells its products in more than 150 countries, with subsidiaries in 26. 

Copyright © 2022 FashionNetwork.com All rights reserved.