Puig Brands Raises Capital through IPO, Securing Support from La Caixa Foundation

Puig Brands, a high-end perfumery firm, has successfully placed its shares on the stock market through an initial public offering (IPO). The IPO was met with strong investor interest, reflecting the company’s growth potential and attractiveness to leading investors. 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.

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. This 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. The company sees this IPO as a way 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 its significance in the Spanish market. With 17 brands, including popular names like Rabanne and Carolina Herrera, Puig has a diverse portfolio that spans various product categories. Its strong international presence and track record of success make it an attractive investment opportunity for CriteriaCaixa.

Overall, this IPO represents a significant milestone for Puig Brands and Spain’s fashion industry. With CriteriaCaixa’s support and investment, Puig is well-positioned to continue its growth trajectory and capitalize on opportunities in the global fashion and beauty industry.