For the family-owned Puig Group, which has expanded rapidly into luxury goods, going public is a big step which will allow it to compete with the giants of the sector such as Estée Lauder, Hermes, Kering and LVMH.
The move "is a decisive step in Puig's 110-year history," Chairman and Chief Executive Officer Marc Puig said last month, emphasizing the firm's "long-term approach."
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