Byredo Owner Puig’s Profits Climb 79% on Tariff Pre-Orders

Spanish beauty company Puig, known for its perfume brands Rabanne, Carolina Herrera and Jean Paul Gaultier, said on Tuesday its first-half profit rose 79 percent to €275 million ($322 million) as sales increased in anticipation of higher US tariffs.

Puig said that part of the profit increase was due to extraordinary costs linked to the stock market flotation last year.

As most of European fashion, cosmetic and consumer brands, Puig mitigated the initial tariff impact by shipping most of its…