Puig Family’s Financial Empire Soars in the Aftermath of Successful IPO

The Puig family is a Spanish business dynasty that has recently made headlines in the financial markets due to the successful IPO of their company. Apart from their flagship brand, Puig Brands, the family is also involved in various patrimonial companies and family offices that invest in securities such as Inmobiliaria Colonial and Fluidra, two companies listed on the Ibex 35.

The IPO of Puig’s company was a huge success, with a market capitalization exceeding 13.9 billion euros, making it the largest in Europe in 2024. Despite this, the family retains 72% of the shares and a valuation of 10 billion euros, placing them among the world’s richest individuals overnight. However, they have kept tight control over the company by holding 92.5% of its shares.

In addition to their own company, Puig’s family has investments in other listed companies such as Inmobiliaria Colonial and Fluidra. They hold a significant stake in Colonial, making them third-largest shareholders of the company. Their investment in Fluidra has also been lucrative, with its market value increasing sevenfold over the last decade alone.

Apart from their investments in listed companies, Puig’s family is also known for being one of Spain’s largest shareholders of luxury fashion brands such as Adolfo Dominguez. This relationship dates back to early 2000 when they acquired Myrurgia perfumery group which manufactured perfumes for Adolfo Dominguez’s brand. Over time, Puig Brands began marketing fragrances for Adolfo Dominguez’s brand and eventually became a shareholder themselves.

Overall, Puig’s family is known for being shrewd investors who are not afraid to take risks and make bold moves in the financial markets. With their substantial investments across multiple industries and sectors, they are well positioned to weather any economic downturn or crisis that may come their way.