Puig expands its offices. The Catalan perfumery and cosmetics multinational is in negotiations with Colonial to rent an office building that the real estate company is building in Plaza Europa in L’Hospitalet, according to reports Expansion.
It is a property that Colonial and Exea are promoting 50% of, the family office of Puig herselfjust in front of the corporate headquarters that the perfumery company already owns in Plaza Europa.
The building has an area of 15,000 square meters, distributed over 21 floors above ground and has 171 parking spaces. According to ExpansionPuig could rent up to 50% of the property. The delivery of the offices is scheduled for the first half of next year.
The company, owner of fashion firms such as Nina Ricci, Paco Rabanne and Carolina Herrera, is based in Barcelona. Its current corporate offices are located in a tower that has an area of 15,000 square meters, as well as underground parking spaces. The building is made up of 23 floors and is 100 meters high.
Puig has its corporate headquarters in a property of 15,000 square meters that it also owns in Plaza Europa in L’Hospitalet
Puig closed 2021 with revenues of 2,585 million euros, 27% more than in 2019 and 68% above 2020. The gross operating result (ebitda) stood at 425 million euros in the period, well above of the 93 million euros recorded in 2020 and the 333 million euros recorded in 2019. In 2021, in addition, Puig returned to profits after going into losses for the first time in 2020.
At the beginning of 2021, the group organized its structure around three divisions: beauty and fashionwhich includes brands such as Dries Van Noten or Paco Rabanne and beauty licenses such as Comme des Garçons or Christian Louboutin; skin, made up of the firms Isdin, Uriage and Apivita; Y Charlotte Tilbury.
Puig’s plans go through exceeding 3,000 million euros of turnover in 2022 and reach 2025 with sales of 4,500 million euros. By then, the company also plans to expand its online business and consolidate its presence in markets such as Asia.