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Puig to Assume Full Ownership of Charlotte Tilbury in 2031

The Spanish company extended its partnership with the eponymous founder of Charlotte Tilbury, who will retain a minority stake in the brand until 2031.
Charlotte Tilbury
Charlotte Tilbury's eponymous business was valued at over $1 billion in 2020, when Puig took a majority stake in the makeup line. (Charlotte Tilbury)
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Five years after acquiring a majority stake in Charlotte Tilbury’s eponymous cosmetics company, the Spanish fashion and beauty conglomerate Puig announced on Tuesday that it will extend their partnership to 2030. Tilbury will retain a minority stake, with Puig to assume full ownership of the brand in early 2031.

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About the author
Brennan Kilbane
Brennan Kilbane

Brennan Kilbane is News and Features Editor at The Business of Beauty. He is based in London, and supports BoF’s coverage of the multifaceted cosmetics industry, from fine fragrance to wellness trends.

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