Puig Goes Public in Record-Breaking European IPO
Puig, a leading beauty and fashion company, has made a notable entry into the public market by becoming the largest IPO in Europe for 2024, raising 2.6 billion euros at the Barcelona Stock Exchange. The IPO was launched at an initial price of 25.50 euros per share, valuing the company at 13.9 billion euros, and was significantly oversubscribed. This marks a significant moment for Puig, which controls popular brands like Rabanne, Carolina Herrera, and Jean Paul Gaultier, and confirms strong investor confidence in its business model and market potential.
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Missoni Strengthens Legacy with Strategic Acquisition of Tricotex
Missoni has strategically acquired Tricotex Srl, a key supplier known for its specialized Raschel knit fabrics, essential to Missoni's signature zigzag patterns. This move is part of Missoni’s effort to maintain control over its supply chain, ensuring the quality and sustainability of its iconic designs. By integrating Tricotex, Missoni reinforces its commitment to Italian craftsmanship and sets the stage for future growth, reflecting a broader trend in the luxury fashion industry towards safeguarding artisanal heritage and production capabilities.
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