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Goldman Sachs Cuts Puig Forecasts: Less Fragrance Growth and Pressure From l’oréal with Prada and Miu Miu
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1 Articles
1 Articles
The Puig beauty and personal care firm registered a reassuring return in the first half of the year, supported by the strong upturn in makeup. Puig now foresees a growth in the fragrance market of just one low digit, compared to the measured rates of one previous digit. In this sense, adverse conditions, such as US tariffs, unfavourable exchange rate fluctuation and lower demand for fragrances, led Puig to anticipate that it would reach the lowe…
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