Puig , the Spanish beauty group behind brands such as Rabanne and Jean Paul Gaultier , saw profits jump 79% to €275 million in H1 2024, driven by early U.S. shipments and price hikes ahead of higher tariffs.

Spanish beauty group Puig, the company behind global perfume brands such as Rabanne, Carolina Herrera , and Jean Paul Gaultier, reported on Tuesday that its first-half net profit surged 79% to €275 million ($322 million). The growth was attributed to a strong sales performance, partly driven by strategic stock movements ahead of the implementation of higher U.S. import tariffs.

Puig said the increase in profit was also supported by extraordinary gains linked to its stock market flotation last year.

Like many European fashion, cosmetics, and consumer goods brands, Puig mitigat

See Full Page