The Spanish family who netted $18.5b from a beauty IPO
Ben Stupples and Clara Hernanz Lizarraga
Antonio Puig’s first business ended in ruin during World War I when a German submarine sank a ship carrying his uninsured cargo. His second act, though, has led to one of the world’s largest fortunes.
Members of the 110-year-old Puig dynasty are the biggest individual winners in this week’s initial public offering of their namesake perfume and cosmetics company. The offering – Europe’s largest listing this year – is creating a major liquidity event for the family and will help transform how they manage their wealth.
Bloomberg
Subscribe to gift this article
Gift 5 articles to anyone you choose each month when you subscribe.
Subscribe nowAlready a subscriber?
Introducing your Newsfeed
Follow the topics, people and companies that matter to you.
Find out moreRead More
Latest In Europe
Fetching latest articles