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International Business Times
International Business Times
Business
Valentin BONTEMPS

Spain's Fashion And Beauty Group Puig Poised For IPO

Marc Puig Nina Ricci IPO Paco Rabanne Spain Carolina Herrera Charlotte Tilbury Jean Paul Gaultier Luxury Madrid
Puig Group owns the Paco Rabanne, Nina Ricci, Charlotte Tilbury and Carolina Herrera labels and also holds a majority stake in Jean Paul Gaultier (Credit: AFP)

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.

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