(BFM Bourse) – The family fashion and cosmetics group, owner of the Nina Ricci and Paco Rabanne brands, confirmed its IPO on May 3.
The Spanish fashion and cosmetics group Puig, owner of the Nina Ricci and Paco Rabanne brands, will make its IPO on May 3, according to a press release published Thursday by the company, which hopes to raise up to three billion euros.
The IPO of this family group, which will retain the majority of the capital at the end of the operation, was announced on April 8. It must enable it to strengthen its competitiveness in a booming market.
In its press release, the cosmetics company says it wants to raise 1.25 billion euros through the issue of new shares, 390 million through the sale of securities reserved for certain investors and 1.36 billion through the sale of shares held by Exea, holding company of the Puig family.
A group founded in 1914
The price of the shares will be offered between 22 and 24.5 euros, which would value the group between 12.7 and 13.9 billion euros, specifies the company based in Catalonia, in the north-east of Spain.
Founded in 1914 in Barcelona by the Catalan entrepreneur Antonio Puig Castellò, Puig has made a place for itself in recent years among the giants of cosmetics, perfumes and fashion, by multiplying acquisitions.
The group notably controls the brands Paco Rabanne, Nina Ricci, Charlotte Tilbury, Carolina Herrera, Dries Van Noten and Jean-Paul Gaultier. He also signed licensing contracts with Prada, Christian Louboutin and Comme des Garçons.
Puig earned 4.3 billion euros in turnover last year, or 19% more than in 2022. Its net profit reached 465 million euros, up 16% over a year.
(With AFP)
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