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 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 dividends….

Alphavalue/DIVACONS Leading US banks are assessing investor interest in Puig’s IPO. The company is seeking a valuation of between €10 billion and €12 billion, with the aim of raising €1.25 billion in an initial public offering for subscription and a similar amount in an initial public offering for sale. The National Securities Market Commission (CNMV) is expected to approve the IPO prospectus next week, which will kick off the road…