Puig has appointed Jose Manuel Albesa as CEO, effective immediately, marking a decisive evolution in the company’s governance by separating the roles of chairman and CEO. Marc Puig, who previously held both positions, will continue as executive chairman, shifting his focus toward long-term strategy, M&A and the preservation of the Puig family culture. Albesa is a company veteran who joined in 1998 and most recently served as deputy CEO and beauty and fashion president. This leadership transition is accompanied by the appointment of Miquel Angel Serra as CFO, succeeding Joan Albiol.
This governance shift follows a landmark fiscal 2025, in which Puig outperformed the premium beauty market to reach record net revenues of €5,042 million. This performance represented a 7.8% like-for-like (LFL) growth and successfully completed a five-year strategic plan to triple the company’s 2020 revenue by 2025.
The fragrance and fashion segment remained the primary revenue driver, accounting for 72% of net revenue (€3,646 million), supported by the global top-10 rankings of Rabanne, Carolina Herrera and Jean Paul Gaultier.
Meanwhile, the makeup segment delivered a standout LFL growth of +13.7%, fueled largely by the exceptional performance of Charlotte Tilbury.
Puig’s profitability also saw significant improvement, with adjusted EBITDA rising to €1,045 million—a 20.7% margin that exceeded previous guidance. Despite a moderate normalization in the fragrance market and negative foreign exchange impacts, the company achieved an adjusted net profit of €587 million.
Looking toward fiscal 2026, Puig expects to maintain stable margins while continuing to outperform the premium market. The company is scheduled to provide a deeper dive into its long-term strategic priorities during its Capital Markets Day on April 14, 2026.
