Spanish Beauty Billionaires Seek IPO to Ease Family Succession (2)

Over four days of celebrations to mark its centenary in 2014, Spain’s biggest beauty products company inaugurated a new headquarters in Barcelona with then Prince Felipe in attendance and threw a splashy party for more than 1,000 people at the world’s largest art nouveau complex.

But a more important marker of that milestone was a trip Chief Executive Officer <-bsp-bb-link state="{"bbHref":"bbg://people/profile/17382478","_id":"0000018f-15b3-d583-afbf-d7fff72c0000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">Marc Puig, a member of the founding family’s third generation, took with 50 of his top employees to Harvard University — his alma mater. There, they chalked out a growth path for the company in a case study that was co-authored by Krishna Palepu, a business school professor, and Puig’s ...