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L’Occitane International is set to be taken private by its billionaire owner in a further shuffling of the pack in the luxury goods sector. Shares in the skincare specialist, which is listed in Hong Kong, were suspended last night ahead of what is expected to be a takeover by Reinold Geiger backed by US private equity group Blackstone. Neither company made any comment when questioned by local media. L’Occtitane has a market value of about HK$43.6 billion (US$5.6 billion) with chairman Geiger in control of more than 70% of the company. Founded in 1976 by Olivier Baussan in Provence, Geiger has been instrumental in the growth of the business since becoming a minority shareholder in 1994. L’Occtitane floated in Hong Kong in 2010 and now has eight brands and some 3,000 locations in 90 countries with the Americas now overtaking China its fastest-growing region due to increasing competition from global brands... More at #Proactive #ProactiveInvestors http://ow.ly/znTi105oWSO

According to a recent Bloomberg article, the upcoming IPO of Puig Brands SA, the esteemed Spanish perfume and cosmetics giant, owned by the Puig family, is set to be a landmark event, potentially the largest in Europe this year. Tracing its origins back to 1914, the Puig family has navigated through numerous challenges to build and control a powerful business empire. As they prepare for the IPO, the family is poised to substantially benefit, with their fortune currently estimated at around $12 billion. The decision to divest over $1 billion worth of shares represents a pivotal shift, indicating a step back from direct management and a move towards diversifying their investments into real estate and venture capital. This strategic pivot by the Puig family not only highlights their business acumen but also signals a possible rejuvenation of the European IPO market. As one of Spain's most illustrious business families transforms, it raises questions about the future of family-owned enterprises and their role in global financial markets. How will the Puig family's move influence other family-run businesses considering public listings? Could this mark the beginning of a renewed interest in IPOs across Europe? #IPO #FamilyBusiness #EuropeanMarkets #BusinessTransformation #PuigBrands https://lnkd.in/d72s6JRD

Let's talk about MONEY : throughout December we reflect back at the M&A deals this year in BEAUTY, WELLNESS & CONSCIOUS LIVING ... ➡️ Whilst the remainder of Q1 23 was full of growth investments in the space, we fast forward to the beginning of Q2 for the next large cap acquisitions ⬇️ APR - 23 L'Oréal signed an agreement to acquire Aesop the Australian personal care brand known for its hand soaps as well as its amber packaging. The deal was valued at $2.525 Billion following a very competitive process with multiple companies showing interest in acquiring Aesop from Brazilian cosmetics group Natura &Co ⬇️ APR - 23 Famille C Participations the owner of French cosmetics Groupe Clarins finalised its acquisition of American beauty brand ILIA Beauty. The takeover was the French business' first move into the growing 'clean' category, which was announced in February. Clarins, meanwhile, will own a minority stake in Ilia. Ilia’s ethos is built on fusing science and ‘clean’ together. Founder Sasha Plasvic was one of the first players to develop colour cosmetics with skin-benefiting ingredients. ⠀⠀⠀⠀⠀⠀⠀⠀⠀ ⠀⠀⠀⠀⠀⠀⠀⠀⠀ ⠀⠀⠀⠀⠀⠀⠀⠀ ⠀⠀⠀⠀⠀⠀⠀⠀⠀ ⠀⠀⠀⠀⠀⠀⠀⠀⠀ ⠀⠀⠀⠀⠀⠀⠀⠀⠀ ⠀⠀⠀⠀⠀⠀⠀⠀⠀ ⠀⠀⠀⠀⠀⠀⠀⠀⠀ ⠀⠀⠀⠀⠀⠀⠀⠀⠀ ⠀⠀⠀⠀⠀⠀⠀⠀⠀ ⠀⠀⠀⠀⠀⠀⠀⠀⠀ ⠀⠀⠀⠀⠀⠀⠀⠀⠀ ⠀⠀⠀⠀⠀⠀⠀⠀⠀ ⠀⠀⠀⠀⠀⠀⠀⠀⠀ ⠀⠀⠀⠀⠀⠀⠀⠀⠀ ⠀⠀⠀⠀⠀⠀⠀⠀⠀ ⠀⠀⠀⠀⠀⠀⠀⠀⠀ ⠀⠀⠀⠀⠀⠀⠀⠀⠀ #growthequity #entrepreneurship #growthcapital #consumerbrands #beauty #wellness #consciousliving #businessbuilding #creators #creatoreconomy #socialcommerce

Puig Brands, a global company in the premium beauty products market with a diversified presence across brands, product categories and regions, has started trading on the Barcelona, Madrid, Bilbao and Valencia Stock Exchanges (Spanish Stock Exchanges) under the ticker symbol “PUIG”. The listing follows the Initial Public Offering of 2,610 million euros. Including the over-allotment option of up to 390 million eruos, the total size of the offer is up to 3 billion euros, making it the largest IPO in Europe this year. Linklaters Spain have advised Puig on its IPO. This deal has been led by partners Íñigo Berrícano, Pablo Medina and Luis Roth (all pictured), with support from Cristina Yanguas, Luis R. and José Alemán. Read the full article >> https://lnkd.in/dXV-gRzz #IberianLawyer #legaladvisor #IPO

The LV / NL LOVES VITTORIO Case: A Clear Victory for Logic (EUIPO, April 25, 2024) 🥳 Remember the thorny 2022 case where EUIPO dismissed an opposition against the NL LOVES VITTORIO application, allowing the "NL LOVES VITTORIO" brand to coexist despite the use of the prestigious LV monogram. 🔗 Link to the previous decision: https://lnkd.in/eUwkQhqV But this time, LVMH, strategically astute, opted for #nullity, easily proving the fame of its own #brand 💡 The result? An unequivocal decision: the similarities between the brands highlight the risk of #parasitism, giving the owner of the EUTM an unfair advantage. After all, who wouldn't want to benefit from the luxury and quality aura associated with LV? 🤔 So it's with relief that the NL LOVES VITTORIO brand is now #cancelled. 🔗 To delve into the details of this captivating decision, follow the link below 👇: https://lnkd.in/eswdad9G 📞 : 05 20 30 55 50 📧 : contact@ipafrica.ma 🌐 : www.ipafrica.ma #louisvuitton #ipcaselaw #jurisprudence #ipp #ipafrica #conseillerenproprieteintellectuelle #intellectualproperty #trademark #cancellation #euipo #eutm #wipo #ompic

Philippi Prietocarrizosa Ferrero DU & Uria Chile has assisted Tanner Servicios Financieros in the update of its USD $2,000,000,000 Medium Term Note Programme and its registration on the Euronext Exchange. PPU’s team was led by partner Daniel Parodi (pictured left) and director Constanza Rodríguez (pictured right), with support from associates Antonio Marinovic Martorell, Tomás Canales Délano and Juan Ignacio Rosales Schaeffer. Read the full article >> https://lnkd.in/d5m9QEtj #TheLatinAmericanLawyer #capitalmarkets

Puig's IPO: A Strategic Move in the Beauty Sector Puig, the Spanish beauty group known for brands like Paco Rabanne and Charlotte Tilbury, is making headlines with its upcoming IPO aiming to raise over €2.5 billion. This milestone move in Puig's 110-year history will see them listed on Spanish stock exchanges, with a valuation expected between €8 billion and €10 billion. The IPO comprises a primary offering of around €1.25 billion and a potential larger secondary sale. Importantly, the Puig family will maintain control through special "A" shares. Financially, Puig is in a robust position, boasting 2023 revenues of €4.3 billion and a net profit of €465 million, marking a 16% increase from the previous year. Their sales growth of 19%, particularly in makeup and skincare, underlines their market strength. While the beauty sector's growth is predicted to slow to 7% from 15% in 2023, Puig's €10 billion valuation appears feasible, especially when considering their lower 10.5x EV/EBITDA valuation compared to competitors. Puig's strategic direction has been pivotal in their success, focusing on skincare and cosmetics, which are showing strong growth. The funds raised from the IPO will likely fuel acquisitions and buyouts of minority stakes. #puigipo #beautysector #ipomarkets #puig Post on: https://lnkd.in/edF78eUJ Source: FT

Spain’s Puig Is Said to Prepare IPO Filing as Soon as Monday - Company counts Nina Ricci, Paco Rabanne among its brands Spanish beauty and cosmetics company Puig Group SL is planning to announce its intention to hold an initial public offering as soon as this coming week, according to people familiar with the matter. The Barcelona-based, family-owned firm plans to file the so-called Intention to Float document as soon as April 8, the people said. Puig and its current shareholders aim to raise between €2 billion and €3 billion ($2.17 billion-$3.2 billion) with the listing, which will be in Madrid, according to the people. Companies have been prepping for IPOs, emboldened by the surge in benchmark stock indexes to record highs and recent successful offerings from the skincare company Galderma Group AG in Switzerland and social networking platform Reddit, Inc. in the US. Please read the article below by Bloomberg for more details. #ipo #capitalmarkets #beauty #cosmetics #spain #madrid #goingpublic #usa #advisory

Blackstone is nearing a deal to privatize L’OCCITANE Group, potentially ending its 14-year tenure on the Hong Kong stock exchange. Reports suggest collaboration between Blackstone and L’Occitane's billionaire owner Reinold Geiger for the buyout, with an announcement anticipated soon. While discussions are advanced, there's a possibility of delays or the deal falling through. Blackstone might opt for a minority stake in the buyout. L’Occitane, founded in 1976 by Frenchman Olivier Baussan, initially produced essential oils from plants like lavender in Provence and sold them at local markets. Geiger, who became a minority shareholder in 1994, assumed a more active role in response to the company's poor performance, aiming to protect his investment. #PrivateEquity #BuyOut #SkinCare #Growth #Business #Finance I Bloomberg I Ruth David I Vinicy Chan I Dong Cao

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》