Spain's Fashion and Beauty Group Puig Poised for IPO
The iconic Nina Ricci, Paco Rabanne and Jean-Paul Gaultier labels make their market debut Friday as Spanish fashion and beauty group Puig begins trading on the Madrid stock exchange. For the family-owned Puig Group, which has expanded rapidly into luxury goods, going public is a big step which will allow it to compete with the giants of the sector such as Estee Lauder, Hermes, Kering and LVMH. The move "is a decisive step in Puig's 110-year history," chairman and CEO Marc Puig said last month, emphasizing the firm's "long-term approach".
Source: aawsat.com
