Spanish fragrance house, Puig, have announced that they have acquired Penhaligon's and L'Artisan Parfumeur from Fox Paine & Company, LLC. Terms of the deal were not disclosed.  The acquisition will take effect as of today.

Penhaligon's London, established in 1870, is one of the most prestigious British fragrance houses. The brand has a deep heritage and holds two Royal Warrants, a symbol of excellence and quality. Its most iconic fragrance is Blenheim Bouquet, created in 1902 for the Duke of Marlborough. The brand has its own retail network and a global presence.

L'Artisan Parfumeur Paris, founded in 1976, is a truly artisanal brand working with its own craftsmen to create authentic and innovative perfumes. L'Artisan Parfumeur operates retail boutiques in France and has a global presence.

Puig is committed to continue expanding its presence in the prestige perfumery category. This acquisition firmly positions Puig in the growing exclusive, high-end fragrance category.

The current team, led by Lance Patterson, will continue to run both brands.

As well as Puig fragrances, the Puig Group owns Carolina Herrera, Nina Ricci, Paco Rabanne and Jean Paul Gaultier, and created fragrances under license for brands such as Prada, Valentino and Comme des Garçons.