Spanish Beauty Billionaires Seek IPO to Ward Off Succession Drama

Over four days of celebrations to mark its centenary in 2014, Spain’s biggest beauty products company inaugurated a new headquarters in Barcelona attended by the Iberian nation’s then Prince Felipe and threw a splashy party for more than 1,000 people at the world's largest art nouveau complex. But in a quieter yet more important marker of that milestone, Chief Executive Officer Marc Puig , a member of the founding family’s third generation, took 50 of his top employees that year to Harvard University — his alma mater — to chalk...