Comparable-store sales, a key retail metric, rose 2.8 percent for the quarter ended Feb. 3, much higher than the 0.8 percent predicted by Wall Street.
The French businessman, founder of luxury conglomerate LVMH, received the Grand-Croix de la Legion d’Honneur at the Elysee Palace.
The shares are being marketed at €26 to €30 each, the company said in a statement.
The IPO in Zurich will comprise mainly new shares issued by Galderma and a smaller tranche of existing shares sold by owners.
Victoria’s Secret & Co. reported net sales guidance for the full year that fell short of analysts’ expectations, underscoring the retailer’s struggle to grow as it works to gain relevance with customers.
The company, which is particularly popular among millennials and Gen-Z, has experienced five consecutive quarters of revenue growth.
The retailer’s strategic plan, unveiled a year ago, involves diversifying brand offerings, opening new store formats and bolstering loyalty programmes.
The online retailer reported sales of 306.1 billion yuan ($42.6 billion) from October to December, versus the average analyst projection for about 300 billion yuan.