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Sales Surge at Puig

Fragrance marketer had a great 2011.

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By: TOM BRANNA

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Puig has found riches beyond its Spanish borders. The Barcelona-based fragrance and fashion company, which is said to be eyeing an acquisition of Jean Paul Gaultier, reported that net profits rose 57% to 130 million euros, or $172.6 million, as total revenues climbed 22% to 1.20 billion euros, or $1.60 billion. A few years ago, Spain accounted for nearly 40% of the company’s sales. Last year, it dropped to 25%, according to Puig. Operating profits, or earnings before interest and t...

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