MADRID, April 8 (Reuters) - Spanish cosmetics group Puig, which owns brands such as Carolina Herrera, Paco Rabane and Charlotte Tilbury, plans an initial public offering (IPO) in its home market, it said on Monday.
The family owned company said it wants to apply for its shares to be listed on the Barcelona, Madrid, Bilbao and Valencia stock exchanges.
"We believe that the balance of being a family owned company that is also subject to market accountability will allow us to better compete in the international beauty market during the next phase of the company's development," Chairman and Chief Executive Marc Puig said in a statement. (Reporting by Corina Pons Writing by David Latona Editing by David Goodman )
