Source: The Business of Fashion
Summary
Marc Puig has been appointed executive chairman of the Spanish fragrance and fashion company Puig, effective immediately. He succeeds his brother, Mariano Puig, who will remain on the company’s board of directors. The company’s CEO, José Manuel Albesa, will continue in his role. Puig is a family-owned business founded in 1914, known for its fragrances and fashion brands such as Carolina Herrera, Paco Rabanne, and Jean Paul Gaultier.
Our Reading
The trend returns with a new name. Family businesses passing the torch to the next generation is a familiar story in the fashion industry. Puig’s leadership change is a reminder that family-owned companies can be both traditional and forward-thinking. The company’s portfolio of fashion and fragrance brands will likely continue to evolve under new leadership. The Puig family’s legacy in the industry is cemented, but the real question is what’s next for the company’s brands.
Author: Evan Null
