Puig, the Catalan beauty and cosmetics giant, is preparing for its IPO. The announcement has captured the attention of investors and market observers, as the company seeks to raise funds to support its growth and consolidate its position in the highly competitive beauty industry.
Puig, the world-renowned Catalan beauty and cosmetics group, is about to reach a new milestone in its century-long history.
Puig announced on April 8 that it intends to raise over 2.5 billion euros through its IPO, of which 1.25 billion euros will come from the issue of new shares. The Spanish group intends to apply for these shares to be listed on the Barcelona, Madrid, Bilbao and Valencia stock exchanges, as well as to trade them on the continuous market. This capital injection will enable the company to finance its current operations, refinance existing investments and pursue its growth strategy, particularly in the fashion, make-up and skincare sectors.
At closing, experts estimate Puig’s potential valuation at between €8 and €10 billion.
“Today’s announcement is a milestone in Puig’s 110-year history,” said Marc Puig, the company’s CEO. “Thanks to our strategy of building a portfolio of own brands, focusing on prestige products and developing our leadership in niche fragrances, make-up and dermo-cosmetics, Puig has always enjoyed strong profitable growth. We believe that the balance of a family business that is also subject to market responsibility will enable us to be more competitive in the international beauty market during the company’s next phase of development.”
Maintaining family control
The decision to float Puig on the stock market comes as no surprise to informed observers. Marc Puig had already raised this possibility in October 2023, underlining the group’s desire to maintain family control while meeting market requirements.
To continue reading this article, subscribe or log in to your account
Discover our plans
- Every day, keep up to date with the latest business news from the world of luxury.
- Receive the essential luxury business news by email every week
- Access all our events
- The Luxury Journals and Luxus Magazine in print and digital versions
Subscribe for 1€
Become an active member of the community of luxury leaders.
Read also>SPANISH PERFUME GROUP PUIG IS PREPARING ITS IPO FOR 2024
Featured photo : © Paco Rabanne
