Spanish beauty company Puig Group SL plans a €2-€3bn IPO on the Madrid stock exchange.

Puig Group SL, a Spanish beauty and cosmetics company, plans to announce its intention for an initial public offering (IPO) as early as this week, targeting €2-€3 billion ($2.17-3.2 billion) in funds raised through a Madrid stock exchange listing. The firm, founded in 1914 and still controlled by the founding family, operates brands including Charlotte Tilbury, Barbara Sturm, and Jean Paul Gaultier.