Executives at Puig have acquired a majority stake of Charlotte Tilbury’s beauty empire.
The British make-up artist launched her namesake cosmetics company and skincare brand back in 2012, with the line including a range of popular lipsticks and foundations.
Now, Tilbury has confirmed that she has sold her business to the team at the Barcelona-based fashion and perfume conglomerate.
“I’ve always dared to dream and create magic through beauty. I’m proud to be joining forces with Puig in a strategic partnership that will help us achieve our limitless ambitions,” the 47-year-old commented. “We’ve reached a pivotal point in our growth since launching seven years ago, and we’re looking forward to unlocking new opportunities with Puig, which is the perfect partner as we build an iconic brand to last.”
Despite rolling over a significant majority stake to Puig, Tilbury will remain as chairman, president, and chief creative officer of the company.
And a spokesperson for the firm is thrilled to have completed the deal.
“Puig and Charlotte Tilbury, two privately owned companies, have a strong connection through their shared core values, including creative storytelling, an entrepreneurial mindset and a sincere passion for empowering people through beauty,” they said. “The acquisition of a majority stake in Charlotte Tilbury will add an established and rapidly-growing makeup and skincare brand to Puig existing portfolio of fashion, fragrance and luxury beauty brands. Charlotte Tilbury also will be able to access Puig global footprint and operations to expand its worldwide presence.”
Puig bosses oversee the Nina Ricci, Carolina Herrera, and Paco Rabanne brands, with the company also the majority shareholder of Jean Paul Gaultier.
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