Billionaire Family to Study Ways to Boost Sagging Puig Stock

The billionaire family controlling Puig Brands SA may weigh options — including buying its stock — to revive the Spanish beauty-products group’s sagging shares, its chief executive officer said.

Shares of Puig, owner of perfume brands like Jean Paul Gaultier and makeup label Charlotte Tilbury, had tumbled more than 34% since its splashy listing as Europe’s biggest IPO in 2024. They rose as much as 2% in Madrid on Monday.