According to the Spanish financial press, Puig’s valuation could reach 10.5 or even 12 billion euros. The Catalan fragrance and fashion group recently confirmed plans for an IPO in 2024.
Puig is definitely on a roll.
According to the Spanish financial newspaper Cinco Días, the Catalan group could be valued at over 10 billion euros on the stock market.
Last October, Marc Puig, Chairman of the Spanish perfume and fashion specialist, confirmed his intention to go public in 2024.
Founded in Puig in 1914, the family-owned group has gone from strength to strength ever since, and today owns numerous fragrance and cosmetics brands and licenses (L’Artisan Parfumeur, Charlotte Tilbury, Uriage, Comme des Garçons Parfums, Christian Louboutin, Benetton, Banderas perfumes, Adolfo Dominguez…) as well as fashion brands Paco Rabanne (recently renamed Rabanne), Carolina Herrera, Jean Paul Gaultier, Dries Van Noten and Nina Ricci.
A family-owned group
Today, Puig’s capital is 89% owned by Exea, the Puig family office, 10% by Puig Gest 10%, and 1% by minority partners. At least 25% of the Group’s shares – the minimum required by the French Securities Market Commission (CNMV) – will be sold on the market. This represents operating capital of between 2.5 and 3 billion euros, according to Cinco Días.
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Read also > PUIG TO DOUBLE THE PERIMETER OF ITS BARCELONA HEADQUARTERS
Featured Photo: © Rabanne/Puig
