Today, according to media reports, Spanish cosmetics group Puig has hired Goldman Sachs and JPMorgan Chase as its listing advisors, preparing for its IPO next year.
Puig is a Spanish beauty and fragrance conglomerate that owns brands such as PENHALIGON’S, L’Artisan Parfumeur, Charlotte Tilbury, and others. According to its financial report, the group achieved a revenue of 3.62 billion euros and a net profit of 400 million euroin 2022. It is projected to reach a turnover of 4.5 billion euros by 2025.
Reports suggest that Puig plans to go public in 2024, with an estimated valuation of 8 billion euros. Previously, Puig restructured its corporate structure to consolidate all its businesses into a listed limited company, Puig Brands SA.
Currently, Goldman Sachs and JPMorgan Chase have declined to comment on the matter.
