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Lip sync: Jourdan Dunn and Kate Moss present Charlotte Tilbury’s lipstick
The owner of make-up company Charlotte Tilbury is preparing to go public with a valuation of up to £8.5 billion.
Spanish group Puig, whose brands also include Jean Paul Gaultier, Christian Louboutin and Carolina Herrera, outlined plans to list its shares in Madrid.
Bankers have valued the Barcelona-based company – which was founded by Antonio Puig in 1914 and is still owned by the family – at between £7 billion and £8.5 billion. British make-up artist Charlotte Tilbury founded her company in 2013 and sold a majority stake to Puig in 2020 in a deal that valued the company at around £1 billion.
Tilbury, 51, launched a campaign last week led by longtime friend Kate Moss and fellow supermodel Jourdan Dunn to showcase the brand’s new lipstick.
Chairman and CEO Marc Puig, the third generation to lead the company, said that “the balance between a family business that is also subject to market responsibility will allow us to better compete.”