Puig acquires majority stake in Charlotte Tilbury
Spanish fragrance and fashion company Puig has acquired a majority stake in the Charlotte Tilbury cosmetic brand.
The deal is thought to value the business at up to £1 billion.
The brand was established in 2013 by celebrity make-up artist Charlotte Tilbury. She will continue in her role as chairman and president following the sale and will retain a substantial minority stake. Demetra Pinsent will also remain with the business as chief executive.
Barcelona based Puig is a family owned business whose brands include the likes of Nina Ricci, Jean Paul Gaultier and Paco Rabanne.
BDT Capital Partners, who advised Puig, will also be investing in the business by taking a minority stake.
Tilbury said: “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.”
