Slow start: Kate Moss showcases the brand’s new lipstick
Shares in the owner of make-up company Charlotte Tilbury lost their early shine on its stock market debut yesterday.
Barcelona-based Puig Brands – which also owns Carolina Herrera and Jean Paul Gaultier – listed at €24.50 a share in Madrid.
That gave the group at value of £11billion in the biggest stock market float in Europe so far this year.
The shares rose as high as €26.50 in early trading before closing back at €24.50.
Charlotte Tilbury, 51, set up her firm in 2013 and sold a majority stake to Puig in 2020.
She recently launched a campaign fronted by long-time friend and supermodel Kate Moss to showcase the brand’s new lipstick.
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