Charlotte Tilbury sells her eponymous make-up brand to Spanish firm, but will keep a minority share until 2030
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Charlotte Tilbury has sold her eponymous make-up brand and will hand full ownership of her line to a Spanish firm by 2031. Barcelona-based Puig, which also owns Carolina Herrera, Dries Van Noten and Jean Paul Gaultier, first gained a minority stake in the brand in 2020, and in the four years since, Charlotte Tilbury has more than tripled its net revenue.
Its successes led Puig to today reveal that it has extended its partnership with Charlotte Tilbury until 2030. The makeup mogul, 51, who spends her time between London and Ibiza and is a close pal of supermodel Kate Moss, will maintain a majority stake until 2030, before Puig takes full ownership in 2031, Vogue Business reported.
'It is a privilege to continue our strong collaboration with Charlotte and her team,' Puig's chairman and CEO of the family-owned firm Marc Puig said to the fashion magazine. MailOnline has contacted Puig and Charlotte Tilbury for comment. Charlotte found fame as a make-up artist backstage on the fashion week circuit, before establishing her brand in 2018.
Her products quickly became synonymous with soft glamour makeup, earning a host of famous fans, including Bella Hadid, Kylie Minogue, and Sienna Miller. Charlotte Tilbury will hand over her eponymous make-up brand to Spanish firm Puig, but will keep a minority share until 2030 (seen this month).
In 2020, after just eight years building up her empire, Charlotte completed a deal with Spanish company Puig to take her great British brand global. Puig acquired a majority stake for an estimated £1billion, with Charlotte retaining a 'significant minority' and continuing as chairman, president, and chief creative officer.