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THE WHAT? Puig, a number one Spanish cosmetics conglomerate, is reportedly in discussions with funding giants Goldman Sachs and JPMorgan, looking for recommendation on a possible inventory market debut.
THE DETAILS With a legacy of possession over iconic manufacturers like Carolina Herrera, Paco Rabane, and Charlotte Tilbury, the family-owned Puig group’s valuation would possibly soar as much as 8 billion euros ($8.6 billion), as advised by a current article within the Spanish newspaper, Enlargement.
THE WHY? Whereas each Puig and JPMorgan selected to stay tight-lipped on the matter, Goldman Sachs has but to handle the hypothesis.
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