Tag: $Puig

Shares of Puig Brands soared as much as 15% Tuesday after beauty peer Estée Lauder confirmed the companies are in talks about a potential merger.

Puig, the Barcelona-based company behind perfume brands Rabanne, Carolina Herrera and Jean Paul Gaultier, reported a 14.3% rise in fourth-quarter sales on Thursday, beating analyst expectations for the key holiday period.

Jean Paul Gaultier owner Puig Brands SA posted a rise in third-quarter revenue, bolstered by strong demand for fragrances despite a challenging backdrop for the beauty industry.

Cosmetics group Puig, owner of brands such as Carolina Herrera, Rabanne and Charlotte Tilbury, announced on Monday plans to raise more than 2.5 billion euros ($2.71 billion) in Spain’s largest initial public offering in almost a decade.