Puig plans to float on Spanish stock market

Spanish fashion and beauty conglomerate, Puig is gearing up for a landmark moment in its 110-year history as it announces its intention to proceed with an initial public offering (IPO). The company, known for its portfolio of brands including Byredo, Charlotte Tilbury, Paco Rabanne, Jean Paul Gaultier, Nina Ricci and Penhaligon’s, plans to list its shares on the Barcelona, Madrid, Bilbao, and Valencia Stock Exchanges.

The IPO, targeting an equity raise of over €2.5 billion, represents a significant strategic move for Puig, solidifying its position in the fiercely competitive global beauty market. Following the offering, the Puig family will maintain a majority stake and retain the vast majority of voting rights, underscoring their commitment to the company’s long-term vision and values.

In a statement, Puig Chairman and CEO Marc Puig said. “We believe that the balance of being a family-owned company that is also subject to market accountability will allow us to better compete in the international beauty market during the next phase of the company’s development”

Related Posts

Penhaligon’s introduce Sartorial Scent Box

Penhaligon’s supporting Movember to raise awareness of prostate cancer

Penhaligon’s unleash a scary anthropomorphic owl onto London’s streets

Juniper Sling, Penhaligon’s Gin inspired scent out Monday.

Penhaligon’s unleash Juniper Sling ‘mock-umentary’

Penhaligon’s supporting Movember with pop-up barbershop

Basenotes editor to grow moustache to raise money for Movember charities

Sofitel London St James to offer Penhaligon’s themed cocktails for December

Penhaligon’s Giveaway: 100 Bottles of Douro Eau de Portugal up for grabs [UK only]

Penhaligon’s limited edition Spring offering

Penhaligon’s Introduce Hidden London trio

Jean Paul Gaultier to bring back discontinued fave, Gaultier²