Puig targets €2.9bn in Spanish IPO The beauty and fragrance giant has confirmed that it is seeking to raise €2.9bn when it floats on the Spanish stock exchange, in what will be Spain's largest IPO in almost a decade. Puig makes the Paco Rabanne and Carolina Herrera fragrances, among others. Read more.

Revenue up at Ray-Ban maker EssilorLuxottica The eyewear specialist has reported a 5.5% increase in revenues in the first quarter, boosted by solid growth in Europe. Sales reached $6.7bn, as the company reiterated its full-year guidance of "mid-single-digit" annual revenue growth. Read more.

Sales up 16.5% at Italian group Brunello Cucinelli The luxury fashion house has said that its sales have risen 6.5% at current exchange rates in the first quarter, boosted by growth in all regions, including Asia. Revenue reached €309m in the period. Read more.

Inspecs announces revenue increase for full financial year The eyewear specialist has posted a rise in group revenue for the year to 31 December to £203.3m, representing record sales performance. Gross profit increased 4.7% to £103.5m. Read more.

Growth slows at luxury giant LVMH The owner of Louis Vuitton has recorded slowing sales in the first quarter, amid shrinking demand for luxury labels. Sales for the quarter ending in March rose 3% on an organic basis to €20.7bn, meeting market expectations. Read more.

Adidas raises earnings guidance on positive first quarter The German sportswear behemoth has upgraded its 2024 profit outlook after a better-than-expected first quarter. Full-year operating profit should come in at about €700m, up from the €500m originally forecasted. Read more.