Puig Brands (Carolina Herrera, Paco Rabanne, Jean Paul Gaultier…) will go public on May 3, with a valuation of more than 12.7 billion euros
Puig Brands – the group that owns Carolina Herrera, Paco Rabanne, Jean Paul Gaultier, Nina Ricci and Charlotte Tilbury – will go public on 3 May at a price of between 22 and 24.5 euros per share. That means a valuation of between 12.7 and 13.9 billion. And although it has not yet approved a shareholder remuneration policy, it says it expects to pay out 40% of its profits in…
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