Spanish owner of make-up company Charlotte Tilbury planning £8.5bn float

Lip sync: Jourdan Dunn and Kate Moss showcase Charlotte Tilbury lipstick

The owner of make-up company Charlotte Tilbury is preparing to float with a value of up to £8.5billion.

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 £7billion and £8.5billion. British make-up artist Charlotte Tilbury set up her company in 2013 and sold a majority stake to Puig in 2020 in a deal that valued the firm at around £1billion.

Tilbury, 51, last week launched a campaign fronted by long-time friend Kate Moss and fellow supermodel Jourdan Dunn to showcase the brand’s new lipstick.

Chairman and chief executive Marc Puig, the third generation to lead the business, said ‘the balance of being a family-owned company that is also subject to market accountability will allow us to better compete’.