Europa Press

Translated by



Sep 14, 2023

The perfume, fashion and beauty group Puig, owner of brands such as Carolina Herrera and Paco Rabanne, is planning to go public in 2024 with an estimated valuation of 8 billion euros, although everything will depend on market conditions at that time, market sources have informed Europa Press.


Specifically, as reported by ‘Expansión’ on Thursday, the company has hired the services of Goldman Sachs and JP Morgan as global coordinators for its stock market debut.

The newspaper explains that the hiring of these investment banks comes four months after the family-owned group reorganized its corporate structure to consolidate all its businesses under a public limited company (Puig Brands SA). The parent company was previously Puig SL, and these types of companies cannot be publicly traded.

According to ‘Expansión,’ it is logical that the scope of the offering would fall between 25% and 49% of the capital, the minimum generally required by the National Securities Market Commission (CNMV) for companies going public and the maximum possible to allow the Puig family to retain control of the group.

The company, which also owns the Jean Paul Gaultier brand, closed 2022 with a net profit of 400 million euros, a 71% increase over 2021, and net revenues of 3.62 billion euros, representing a 40% increase.

Additionally, the company achieved an operating profit (EBITDA) of 638 million euros in 2022, a 37% increase compared to 2021, and recorded the best results in its history for the second consecutive year in 2022.

Copyright © 2023 Europa Press. Está expresamente prohibida la redistribución y la redifusión de todo o parte de los contenidos de esta web sin su previo y expreso consentimiento.

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *