Puig acquires full ownership of skincare brand Isdin, deepening its layout in dermocosmetics
Spanish beauty group Puig has reached an agreement with Corporación Químico-Farmacéutica Esteve (CQFE) to acquire the remaining 50% stake it holds in the skincare brand Isdin, thereby achieving full ownership of the brand. This move marks a new stage in the two parties' 50-year partnership and highlights Puig's strategic intent to further expand its presence in the dermocosmetics sector. Isdin was jointly cultivated by the Puig family and the Esteve family, long positioned at the intersection of science and beauty, and has established significant advantages in both professional dermatology channels and the mass consumer market. Puig Executive Chairman Marc Puig stated that this transaction is a continuation of the shared vision of the past fifty years, and the group will make a long-term commitment to Isdin's team, scientific culture, and sustainable development. Puig Chief Executive Officer Jose Manuel Albesa pointed out that expanding the dermocosmetics business is the group's current strategic focus. Full ownership will provide Isdin with a stronger resource platform to support its next phase of growth in scientific research, innovation investment, and brand building, which is highly consistent with Puig's long-term goal of strengthening its presence in the skincare segment and creating value for stakeholders. Isdin Chief Executive Officer Juan Naya emphasized that the brand will continue to focus on advancing scientific innovation, serving medical professionals and consumers, and supporting the teams and partners who have contributed to its success. He believes that this new chapter lays a solid foundation for Isdin's future development. This acquisition takes place against the backdrop of Puig's steady performance growth. Data shows that, driven by strong demand for fragrances, Puig recorded... in the first half of 2026