Puig Acquires Majority Stake in Charlotte Tilbury

Charlotte Tilbury became the latest founder to score a billion-dollar beauty deal when Puig agreed to buy a majority stake in her business for what sources said was about 1.2 billion pounds. BDT Capital Partners also bought a stake in the business. For fragrance-focused Puig, the acquisition furthers exposure to the color cosmetics category, which the company has played in with Christian Louboutin Beauty and Carolina Herrera’s makeup line. The Charlotte Tilbury business also has an expanding and successful skin-care component, and was growing quickly even during the COVID-19 pandemic. Multiple strategic buyers, including the Estée Lauder Cos., were said to have looked at the business. Continue reading →