Puig, the cosmetics giant, announces its IPO in Spain. The Catalan high-end cosmetics firm aspires to valuations higher than 10,000 million euros.
Puig, founded in 1914, is dedicated to the fragrance and fashion, makeup and skin care segments. Headquartered in Barcelona, it operates in 32 countries with 17 brands, among which, in terms of revenue, Rabanne, Charlotte Tilbury and Carolina Herrera stand out. In 2023, Puig fragrances reached an unprecedented market share of 11% in "selective distribution"