Makeup company owner Charlotte Tilbury’s shares lose their initial shine in their stock market debut

The shares of the owner of the makeup company Charlotte Tilbury lost their initial shine yesterday in their stock market debut.

Barcelona-based Puig Brands, which also owns Carolina Herrera and Jean Paul Gaultier, was trading at 24.50 euros per share in Madrid.

This gave the group a value of £11bn in Europe’s largest stock float so far this year.

Shares rose as high as €26.50 in early trading before closing back at €24.50.

Charlotte Tilbury, 51, created her company in 2013 and sold a majority stake to Puig in 2020.

She recently launched a campaign fronted by her friend and supermodel Kate Moss to showcase the brand’s new lipstick.