Yesterday, Puig has announced that it introduced the new role of deputy chief executive officer, appointing longtime executive Jose Manuel Albesa to the position. Albesa, who will oversee all divisions, will continue serving as president of beauty and fashion while reporting directly to chairman and CEO Marc Puig.
“Jose Manuel will drive the delivery of Puig’s vision and strategy across the business,” Marc Puig said during a call with analysts and journalists following the company’s latest earnings release. Highlighting Albesa’s nearly two decades of leadership, Puig credited him with transforming brands such as Rabanne, Carolina Herrera, and Jean Paul Gaultier into global fragrance powerhouses. The creation of the deputy CEO role reflects the company’s significant expansion under Puig’s leadership, growing more than sixfold over the past 20 years.
The announcement accompanied Puig’s first-half 2025 results, which showed reported net profit up 78.8 percent to €275 million, supported by a strong rebound from last year’s IPO-related costs. Adjusted net profit rose 3.9 percent to €247.3 million, while sales grew 5.9 percent to €2.3 billion, or 7.6 percent on a like-for-like basis. Despite signs of moderation in fragrance growth, Puig reaffirmed its 2025 outlook, targeting like-for-like net revenue growth of 6 to 8 percent.
Looking ahead, Puig expects stronger momentum in makeup and skin care. Initiatives for the second half of 2025 include the official launch of Carolina Herrera La Bomba, further rollouts of prestige fragrance extensions, and expanded distribution of Charlotte Tilbury in the U.S., including a debut on Amazon.
