Puig Brands, a high-end perfumery firm, has successfully placed its shares at a high price through an IPO, indicating strong investor interest in the company. The La Caixa Foundation, which manages CriteriaCaixa’s assets, has acquired 3.05% of the share capital of Puig Brands through the IPO, demonstrating its confidence in the company’s growth potential. The investment amounts to 425 million euros and aligns with CriteriaCaixa’s strategy of investing in leading companies in attractive sectors.
Puig operates in 32 countries and has a market share of 11% in selective perfumery. With this IPO, the company aims to further expand its international presence and fund future growth initiatives. Experts believe that Puig is on track to join the Ibex 35 index by the end of the year, underscoring the company’s significance in the Spanish market. The Puig family will retain significant control over the company after the IPO, with 90% of the political rights and over 70% of the economic rights.
Puig has a diverse portfolio with 17 brands, including popular names like Rabanne and Carolina Herrera, spanning various product categories. Its strong international presence and track record of success make it an attractive investment opportunity for CriteriaCaixa. With CriteriaCaixa’s investment and support, Puig is well-positioned to continue its growth trajectory and capitalize on opportunities in the global fashion and beauty industry.
