Editor
Luxury beauty and fashion company Puig reported a steep drop in its first reported earnings as a listed company on Friday, citing costs related to its initial public offering (IPO) earlier this year, sending its shares down as much as 13 percent.
The Barcelona-based company behind perfume brands Rabanne, Carolina Herrera and Jean Paul Gaultier said net profit fell 26 percent to €153.8 million ($171 million), while sales grew 10 percent in…
