The Puig family has recently made headlines in the financial markets due to the successful IPO of their company. Besides Puig Brands, the family is also involved in various patrimonial companies and family offices that invest in securities such as Inmobiliaria Colonial and Fluidra, two companies listed on the Ibex 35. They have substantial investments in real estate and venture capital funds reserved for high-net-worth clients.
In 2024, Puig’s company had the largest IPO in Europe, with a market capitalization exceeding 13.9 billion euros. The family retained 72% of the shares, giving them a valuation of 10 billion euros and a spot among the world’s richest individuals overnight. Despite this, they maintain tight control over the company, with 92.5% of the shares remaining in their hands.
Apart from their company, Puig’s family has significant investments in other listed companies such as Inmobiliaria Colonial and Fluidra. They hold a significant stake in Colonial, making them the third-largest shareholders of the company. Their investment in Fluidra has also been lucrative, with the company’s market value increasing sevenfold in the last decade.
In addition to their investments in listed companies, Puig family is also one of the largest shareholders of fashion group Adolfo Dominguez. This relationship dates back to early 2000s when they acquired Myrurgia perfumery group which manufactured perfumes for Adolfo Dominguez. Over time, Puig Brands began marketing fragrances for the fashion brand and eventually became a shareholder.
Puig’s success story is not just limited to their IPO but also reflects their strategic business acumen and long-term vision that has allowed them to build a diverse portfolio of investments across various sectors while maintaining tight control over their assets.
Their investments have not only brought significant returns but have also helped shape these companies into major players in their respective industries. With continued growth prospects ahead and an ongoing commitment to innovation and expansion, it looks like Puig will continue to be a force to be reckoned with both domestically and internationally.
Overall, Puig’s success story highlights how strategic planning and long-term vision can lead to significant growth opportunities even amidst economic uncertainty or global market fluctuations.
