Puig Brands Faces a Year of Change -- Market Talk

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Puig Brands Faces a Year of Change -- Market Talk

Dow Jones03-19 15:13

0713 GMT - Puig Brands has entered a year of change amid a leadership transition, analysts at Berenberg say. Earlier this week, the Barcelona-based beauty and fashion company appointed Jose Manuel Albesa as its next CEO. Marc Puig, grandson of the group's founder, will stay on as executive chairman. "We do not view his promotion to group CEO as a major surprise," the analysts write in a research note. Albesa has been at Puig since 1998 and was more recently deputy CEO of the company. Aside from management shift, the company faces more challenging market conditions. "Fragrance category growth rates continue to normalize," Berenberg says. "Consumer confidence remains fragile and competitive intensity remains elevated," the analysts say.(andrea.figueras@wsj.com)

(END) Dow Jones Newswires

March 19, 2026 03:13 ET (07:13 GMT)

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