Shares of make-up company owner Charlotte Tilbury are losing their early luster on their stock market debut

Economy
By Liam
  • Charlotte Tilbury, 51, founded her makeup and beauty company in 2013

By city and financial reporter

Updated:

Slow start: Kate Moss shows the brand’s new lipstick

Shares in make-up company owner Charlotte Tilbury lost their early luster on their stock market debut yesterday.

Barcelona-based Puig Brands – which also owns Carolina Herrera and Jean Paul Gaultier – listed in Madrid at €24.50 per share.

That gave the group a value of £11 billion in the biggest stock exchange in Europe so far this year.

Shares rose to €26.50 in early trading before closing at €24.50.

Charlotte Tilbury, 51, founded her company in 2013 and sold a majority stake to Puig in 2020.

She recently launched a campaign led by longtime friend and supermodel Kate Moss to showcase the brand’s new lipstick.

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