The leading perfume and cosmetics manufacturer in Spain is Catalonia-based Group Puig. Indeed, two subsidiaries of the organisation (Antonio Puig SA and Puig SL) come in first and third place for revenues, according to a ranking published last autumn by El Economista. The second spot is occupied by L’Oréal, the research finds. The top ten companies in perfumes and cosmetics account for around 80% of sales, or some €2.5bn.
Women's fragrances, Spain, 2016
The category’s sales rose by 7% to €788.5m in the 12 months to 24 January
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Cosmetics Business picks: 11 new beauty launches to know this April
Read moreSkin care innovations from Lancôme and Paula’s Choice; collectible beauty accessories by Dr. PawPaw and Glow Hub; and fresh fragrances by Iggywoo, Dolce & Gabbana, and Orebella comprise this week’s biggest launches
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Fragrance
L’Oréal finalises ‘significant’ €4 billion acquisition of Kering Beauté
The French beauty giant has completed its deal to acquire Kering’s beauty division after securing approval from competition authorities, which includes exclusive 50-year beauty and fragrance licences for Bottega Veneta and Balenciaga
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Regulatory
It’s complicated: Estée Lauder Companies and Puig’s relationship status if they enter this merger
The news that Estée Lauder Companies is in ‘discussions’ with Puig around a potential merger has shaken the beauty industry, but could this mega deal be mutually beneficial, or will it dilute what makes both organisations unique? CB investigates
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