Penhaligon's and L’Artisan Parfumeur acquired by Puig from Fox Paine & Company
Puig, the Spanish fashion and fragrance business, has announced the acquisition of Penhaligon's and L’Artisan Parfumeur from Fox Paine & Company with effect as of 23 January 2015.
Penhaligon’s is one of the most prestigious British fragrance houses with its own retail network and a global presence.
L;Artisan Parfumeur operates retail boutiques in France and has a global presence.
Citing people with knowledge of the situation, Spanish daily La Vanguardia said Puig was thought to have paid EUR 100m to acquire both companies.
Source La Vanguardia