CriteriaCaixa has decided to invest in Puig Brands through its initial public offering (IPO), acquiring B shares representing 3.05% of the share capital. The investment amounts to 425 million euros and reflects Criteria’s strategy of investing in leading companies in attractive sectors with growth potential.
Puig, a fine perfumery group, has a strong presence in the fashion and beauty industry and has shown resilience in times of crisis. The company specializes in perfumery and fashion, with a market share of 11% in niche fragrances. It operates in 32 countries, employs over 11,000 people, and owns 17 brands, including Rabanne, Charlotte Tilbury, and Carolina Herrera. Spain represents 7% of Puig’s income, with the US and England as its main markets.
CriteriaCaixa is pleased with Puig’s shareholder remuneration policy, which includes distributing 40% of the group’s profits among investors. Puig will make its stock market debut on May 3, breaking a five-year drought in Spanish listings. The company has placed its shares at a price of 24.5 euros, with a market capitalization of 13,920 million euros. Experts predict that Puig could become part of the Ibex 35 index by the end of the year due to its size and market presence.
Puig is known for its high-quality products and innovative approach to scent creation. Its focus on sustainability and ethical sourcing sets it apart from other perfumery brands. With this investment from CriteriaCaixa, Puig is poised to continue growing its business and expanding into new markets.
The IPO marks an exciting moment for Puig as it prepares to join the ranks of other leading Spanish companies listed on the stock exchange. This move reflects the company’s confidence in its own performance and ability to succeed as a public company.
Overall, CriteriaCaixa’s decision to invest in Puig Brands through its IPO is an excellent example of their commitment to investing in leading companies with growth potential
