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Puig Shares Drop After Withdrawal of Some Batches of Charlotte Tilbury Spray

Puig Shares Drop After Withdrawal of Some Batches of Charlotte Tilbury Spray

Puig, which listed in Madrid in May, said on Thursday the withdrawal was expected to impact performance of its makeup segment, but was not expected to have a “material” impact on its overall full-year performance.

The company said that a routine product testing found an isolated quality issue in a limited number of batches, which did not make the product unsafe.

It added that no other Charlotte Tilbury products were affected.

Makeup and…


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