Rabanne parent company Puig seek IPO to ward off succession drama

On April 18, the company and the Puig family detailed plans to raise about 2.6 billion Euros ($2.8 billion) in an initial public offering that could give the group a market value of as much as 13.9 billion Euros, according to terms seen by Bloomberg. The IPO would add the Puigs to the ranks of Europe's wealthiest families.