Marc Puig Affirms Commitment to Long-Term Ownership
In a recent shareholder assembly held on May 29, 2026, Marc Puig, the Executive Chairman of Puig, asserted that the company is "not for sale," emphasizing the Puig family's intention to maintain long-term ownership of the business. This statement comes in light of discussions regarding a potential merger with Estée Lauder, which ultimately did not lead to any transaction. Puig highlighted that these negotiations, despite their outcome, reflect the respect and recognition that Puig enjoys within the beauty sector.
During his address, Puig explained that any potential merger would have necessitated consensus on crucial aspects such as governance, operational management, and economic considerations, including a fair valuation of the company that would be equitable for all stakeholders involved. He further clarified that even if the merger discussions had culminated in a deal, the Puig family would have remained shareholders, driven by a robust long-term strategy that encompasses well-positioned brands and a strong, winning team, backed by over 110 years of history.
Positive Growth Trajectory and Future Plans
José Manuel Albesa, the company's CEO, also shared insights during the assembly, indicating that Puig has emerged as the fastest-growing multi-brand luxury beauty company over the last five years. He emphasized that the company is not only experiencing rapid growth but is also transitioning into a more balanced, global, and resilient organization. Looking ahead, Albesa outlined Puig's strategic priorities for 2026, which include solidifying existing brands, enhancing niche brands, advancing in prestige perfumery, and expanding into dermatological segments.
The assembly approved all agenda items, including the distribution of a dividend of €0.42159 per share, which represents 40% of the net profit reported. Additionally, the appointment of José Manuel Albesa as an executive director and Julie Van Ongevalle as an independent director was sanctioned, alongside the re-election of Marc Puig and other board members. The board's management for the fiscal year 2025 was also validated, alongside the approval of unaudited financial information and a preliminary sustainability report.
As reported by ma.fashionnetwork.com.
