We're excited to announce our partnership with KIKO MILANO and the Percassi family. KIKO is one of the largest privately-owned color cosmetics brands worldwide. Leveraging our deep experience in beauty and the expertise of our senior advisor John Demsey, we have numerous opportunities to take this beloved brand to even greater heights! Press Release: https://lnkd.in/eJ93cNxs
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#Puig the owner of brands such as Carolina Herrera and Rabanne plan to raise more than 2.5 billion euros in Spain's largest initial public offering in almost a decade. The family-owned company aims to sell 1.25 billion euros of new shares and an even larger amount of existing stock through the IPO. Puig said a public listing would align its corporate structure with that of other businesses in the premium beauty sector. The fashion and fragrance company controls 11% of the global high-end fragrance market. With recent acquisitions its exclusive skincare and makeup brands sold 4.3 billion euros of products last year, up 19% from 2022. The company said it will use the proceeds from the IPO to refinance recent acquisitions of additional ownership in the prestige fragrance label i.e. Byredo and expects to expand its presence in Asia Pacific and in the skincare wellness categories. I will be watching with interest how this unfolds with regards to their strategy and support for new brand acquisitions and their expansion in Asia Pacific and into new skincare categories. Please do share your thoughts and comments below. #puig #beautysector #newacquisitions #asiapacific #skincare
Spanish cosmetics group Puig seeks at least $2.7 bln in local IPO
reuters.com
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Spanish fashion and beauty group Puig continues on its bold strategic growth journey. Under the leadership of CEO Marc Puig, the conglomerate has recently purchased BYREDO and has been differentiating itself from giants such as L'Oréal and The Estée Lauder Companies Inc. by the acquisition of niche premium brands and their light-touch approach to brand management, emphasising end-to-end control over product and distribution. Much like akoova’s client END., acquired by The Carlyle Group in 2021, ecommerce plays a key role in Byredo’s and other premium niche brands' plans for growth in this landscape. DRIES VAN NOTEN’s founder sold his eponymous brand to Puig back in 2018 and has since praised the support given by the group for their ecommerce strategy, highlighting its importance in propelling growth. It should be interesting to closely follow how, similarly to Dries Van Noten, Puig and a focus on ecommerce can set Byredo up for even more growth and success. #acquisitions #ecommerce #beauty https://lnkd.in/eyAursj2
How deal-hungry Puig became beauty’s ‘flexible’ conglomerate
ft.com
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TheBodyShop QR changes hands again. After 6 years in the hands of Natura &Co, the brand is sold to PE firm AURELIUS. Here is the acquisition flow: - 2006: #acquisition by L'Oréal for 940M€ - 2017: acquisition by Natura from L'Oréal for 1bn€ - 2023: acquisition by Aurelius for 230M€ Value creation on what was a hot brand has been limited for L'Oréal and obvioulsy negative for Natura. In 2022, The Body Shop’s revenue was 820M€, down 100M€ vs 2016, before it was acquired by Natura. So Aurelius is paying x0,3 Sales for the asset, to be compared with the x4 Sales L'Oreal paid for Aesop from Natura &Co... In Beauty, Brand power is everything. Even if there are now plenty of #beauty brands competing in retail, wholesale and #dtc with Body Shop there is certainely a path for growth for the brand, after quite probably a serious review of their store and product portfolio.
Brazil's Natura sells The Body Shop to Aurelius in $254 mln deal
reuters.com
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PUIG AIMS TO RAISE 2.5 BILLION EURO IN IPO The Business of Fashion The family-owned premium beauty conglomerate has confirmed it will float shares on the Spanish stock exchange while retaining majority control, following months of speculation. Puig, the family-owned Spanish beauty conglomerate, announced plans for an initial public offering on the stock exchanges in Barcelona, Madrid, Bilbao and Valencia. The company owns 14 brands including Charlotte Tilbury, Paco Rabanne and Byredo, as well as a number of fragrance licences.The company hopes to raise €1.25 billion ($1.3 billion) through the first round of IPO, followed by a larger secondary sale that would bring the total fundraising north of €2.5 billion. The Puig family will retain a majority stake in the company and the “vast” majority of voting rights, the company said.In 2023, Puig reported net revenues of €4.3 billion ($4.6 billion), up 19 percent, while net profit rose to €465 million ($503 million), up 16 percent on the previous year.In October 2023, chairman Marc Puig confirmed the group was mulling an IPO among other strategic options to raise fresh capital. In a statement released today, Marc Puig said the decision was a “decisive step” in the company’s 110-year history, and that it was important to ensure the “right checks and balances” were in place during a “generational transition.” “We believe that the balance of being a family-owned company that is also subject to market accountability will allow us to better compete in the international beauty market during the next phase of the company’s development,” said Marc Puig, adding that being a publicly listed company will align its corporate structure with those of best-in-class, family-owned companies in the global premium beauty sector. Top industry players such as L’Oréal and Estée Lauder have long been publicly traded, as well as retaining founding family ownership stakes.The company plans to further diversify into skincare and makeup, and focus on prioritising brands it owns outright rather than licenses, which can be expensive to renew and disruptive when they lapse. 95 percent of revenues came from fully-owned or majority-owned brands like Paco Rabanne, Dries Van Noten or Nina Ricci last year, Puig said.The company has been making more acquisitions of late – in January, it purchased luxury skincare brand Dr. Barbara Sturm, following its acquisitions of Byredo and Charlotte Tilbury since 2020.“Our unique and creative DNA has allowed us to attract leading founders and brands… We strongly believe that building premium brands requires long-term thinking,” Marc Puig said.Currently, fragrance is Puig’s largest revenue driver. But the group’s smallest segment, skincare, grew the most in 2023, with revenues up 31 percent to €431 million ($466 million). The company has long been profitable, Puig added. https://lnkd.in/guggE2Pw #metaverse #ai #fashion #beauty #investment
Puig Aims to Raise €2.5 Billion in IPO
businessoffashion.com
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Blackstone bid for Skin-Care Company L’Occitane is ON HOLD right now and unconfirmed information from Asia suggests that the cosmetics group listed in Hong Kong would have been withdrawn from the Stock Exchange. In our humble opinion and if the information were to be confirmed, it will only be postponed pending a significant improvement in the group's key ratios under the direction of the new general manager recently hired. This is the second attempt in less than 6 months and demonstrates the interest of potential investors despite the mistakes made by various investment funds when acquiring similar companies. The RISK factors observed to date during preliminary due diligence would be: 1- The considerable debt ratio of the group. 2- The decrease in operating income projected as of 31/3/2024 3- The drop in net income projected as of March 31, 2024 4- Sluggish growth of the L'Occitane brand despite considerable increase in sales and insufficient financial performance. 5- The performance of the SHOPS network is linked to new store openings and insufficient organic growth. 6- Lack of response to the SPIN OFF of Sol de Janeiro proposed by certain minority shareholders. This brand contributes significantly to the explosion in the group's consolidated sales and to its operational results as of 31/3/2024. 7- In the short term and if the information were to be confirmed, a DROP in the share price should be expected because speculators who thought they smelled a quick opportunity will offload their shares. 8- Becoming PRIVATE again is the only alternative to exiting the Hong Kong stock exchange for the L'Occitane group.
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🚀 Big News in Beauty Industry! Puig Gears Up for Blockbuster IPO 💄 🌟 Exciting times ahead as Puig, the renowned Spanish beauty group, sets the stage for a monumental IPO in the coming weeks, eyeing a massive €2.5bn fundraising goal! With iconic brands like Paco Rabanne and Charlotte Tilbury under its umbrella, Puig's IPO promises to make waves in the beauty sector and beyond. 💼 As a seasoned IPO advisor deeply passionate about market trends, Puig's strategic move toward a public listing is nothing short of groundbreaking. With an estimated valuation between €8bn and €10bn, Puig's IPO marks a significant milestone in the beauty industry's evolution. 🌍 Led by Marc Puig, the company's visionary leader, Puig aims to strike a balance between family legacy and market dynamism. Their commitment to long-term growth and innovation sets them apart in an ever-changing landscape. And as each of you understands, effective leadership has the potential to propel any project forward. Therefore, this fact only reinforces my expectations regarding this IPO. 🚀 Stay tuned for more updates on the IPO market! #IPO #Puig #Microcap #NYSE #Nasdaq #Investing #Finance #Business Learn more: https://lnkd.in/d8-YBYzA
Beauty group Puig looks to raise €2.5bn in IPO
ft.com
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Last week's outlook calls for Beauty giants E.L.F. BEAUTY and The Estée Lauder Companies Inc. painted different views of what's ahead in 2024. E.L.F.'s masstige presence is paying off–sales for their second fiscal quarter hit $215.5 million, up 76% from the same time last year. E.L.F. acquired clean beauty brand Well People in 2020 and added NATURIUM in 2023. Estée Lauder Companies reported a 10% decrease in net sales, but noted strong sales across their fragrance brands. Click below to read more, and let us know your thoughts in the comments. #beautyindustry #beautybrands #beautybusiness #cosmetics #skincare #fragrance #beautyretail #2024outlook #salesgrowth #acquisitions #cleanbeauty #retailnews #earningsreport
Weekend Briefing: E.l.f Beauty hikes earnings outlook, while Estée Lauder Companies cuts full-year forecast
https://www.glossy.co
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🚀 The recent hot topic in the beauty industry: Puig, the family-owned Spanish conglomerate, is gearing up for an IPO in the coming months. According to a recent article by The Business of Fashion, Puig's bold diversification strategy and strong brand mix position it for success in the European markets. Ariel Ohana, managing partner at Ohana & Co., shared his thoughts in this article of BOF. Huge thanks to Priya Rao for the insightful article, and special appreciation for including us in the discussion! 👏 📰 Read the full article here: https://lnkd.in/ev3gqyMQ #Puig #IPO #BeautyIndustry #BusinessOfFashion #BeautyMandA #OhanaAndCo #Diversification #EuropeanMarkets 🌟
Why Puig’s IPO Timing Couldn’t Be Better
businessoffashion.com
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As one of the current most promising contenders to climb onto the "table" of the top ten global beauty and cosmetics giants, Puig Group is experiencing a milestone moment like never before. Today, the Spanish fragrance and beauty giant Puig officially announced its IPO, planning to raise at least 1.25 billion euros (approximately 9.795 billion yuan) through the initial public offering, followed by a "larger-scale" secondary offering to raise a total amount exceeding 2.5 billion euros (approximately 19.59 billion yuan). In terms of valuation, bankers estimate the 110-year-old company to be valued between 8 billion euros and 10 billion euros (approximately 62.687 billion yuan to 78.359 billion yuan). It is worth mentioning that Puig Group experienced rapid growth in 2023, with net revenues reaching 4.3 billion euros (approximately 33.694 billion yuan). Regarding this IPO, Marc Puig, Chairman and CEO of Puig Group, stated, "We believe that becoming a public company will align our corporate structure with the top-tier family businesses in the global luxury beauty industry, while helping us attract and retain talent to support our growth strategies for our brands and product portfolio." Therefore, as one of the few remaining unlisted beauty giants at present, Puig Group's announcement of its listing plan signals what kind of market signal? What new story will it bring to the global beauty market? 文章来自《青眼》
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DESIRE HOLDING GROUP TO REVIVE SERGIO SOLDANO BRAND LABEL ACQUISITION SIGNIFIES BEAUTY GROUP’S EXPANSION PLANS INTO PREMIUM FASHION AND ACCESSORIES CATEGORIES NEW YORK (May 30, 2024) – Desire Holding SA, through its Italian subsidiary Desire Fragrances Srl, announces the acquisition of Sergio Soldano, signaling the international perfume and beauty conglomerate’s intention to revive the legendary, long dormant Italian fashion and accessories brand. The acquisition marks a major development for Desire Holding Group, a leading player in the beauty industry, with subsidiaries in the USA, Netherlands and Italy, as the firm expands its scope with a new Luxury Division. The new Luxury Division will lead the charge to build brand awareness, increase market share and continue the company’s sustained record of year over year growth. The beauty and fashion conglomerate consolidated its 2023 revenue for 30 million euros and based off current sales data, projects 40 million euros in revenue in 2024. This follows 40 percent sales growth accrued from 2022 to 2023. The firm’s global market distribution already spans continents and cultures, with 20 percent Italian, 30 percent European, 15 percent Middle Eastern and 10 percent Asian distribution. The company intends to further grow its U.S. distribution, currently at 25 percent – a market Sergio Soldano dominated throughout the midcentury with widespread adoption of the label amongst Hollywood’s elite. As the new Sergio Soldano brand owners, possessing full production and licensing rights, Desire Holding SA affirms the group’s growth trajectory and intention to reestablish Sergio Soldano as a household name ranked amongst the world’s great designer fashion and beauty labels. READ MORE... https://lnkd.in/dnsiktbZ #desireholdinggroup #desirefragrances #sergiosoldano #ferfume #fashion #business #europeanlife
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