Puig beats luxury slump as Q1 2025 sales rise 7.5 percent
Puig has announced its results for the first quarter of fiscal 2025. The Spanish fragrance house said sales rose 7.5 percent like-for-like to €1,206 million, tracking above the wider premium beauty market. The post Puig beats luxury slump as Q1 2025 sales rise 7.5 percent appeared first on Global Cosmetics News.
THE WHAT? Puig has announced its results for the first quarter of fiscal 2025. The Spanish fragrance house said sales rose 7.5 percent like-for-like to €1,206 million, tracking above the wider premium beauty market.
THE DETAILS This healthy performance was driven by the Fragrances and Fashion segment, Puig said, across both Prestige and Niche. Drilling down by region, all markets recorded growth, with strong performances in the Americas (+11.5 percent reported) and APAC regions (+14.5 percent reported)
THE WHY? Marc Puig, Chairman and CEO of Puig, explains, “We’re off to a strong start in 2025, continuing to outperform the premium beauty market. Once again, our largest segment – Fragrances and Fashion – is our top performer, which is a testament to the strength of our Prestige and Niche brands and the desirability and resilience of our portfolio. We’re also pleased to see growth across all regions, with the Americas outperforming. Looking ahead, we maintain our 2025 outlook in spite of the challenging global macroeconomic environment.”
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