Acquires – Page 3 – Beautifaire

21 Jul

FullBeauty Brands, whose brands include Catherines, OneStopPlus, SwimsuitsForAll, Eloquii and Jessica London, has added one other size-inclusive brand to the combination: It has acquired Cuup, a U.S.-based digitally native intimates brand. FullBeauty declined to reveal the acquisition price. Cuup, which was founded in 2017, manufactures intimates that accentuate consumers’ natural form and has a special give attention to the underserved large bra-cup market. Kearnon O’Molony, cofounder and chief executive officer of Cuup, will likely be leaving the corporate, but the remainder of the leadership team is staying on. Before starting Cuup, O’Molony was managing director in Blackstone’s private equity group. He can also be the founder and partner of Protea, which invests in a focused portfolio of small- to...

0 Comments

11 Jul

Inter Parfums Acquires Roberto Cavalli Fragrance License – WWD

by Beautifaire101

Beauty, Featured

Inter Parfums Acquires Roberto Cavalli Fragrance License – WWD

Inter Parfums Inc. has added a latest fragrance license to its stable of brands. The corporate has acquired the worldwide fragrance license for Roberto Cavalli, effective July 6. Terms of the deal weren't disclosed. “Fragrance and wonder are a crucial pillar for the Roberto Cavalli brand to succeed in more of our customers throughout the Roberto Cavalli universe, and we will’t consider a greater partner,” said Sergio Azzolari, Cavalli’s chief executive officer, in a press release. “Inter Parfums has a big track record in supporting brands of their upward trajectories, combining global excellence and capabilities with a robust understanding of the Italian luxury business.” The license was previously held by Coty Inc. Industry sources estimate the business is around $40 million globally. Jean...

0 Comments

26 Jun

Kering Beauté Acquires Creed – WWD

by Beautifaire101

Beauty, Featured

PARIS — Kering Beauté has made its first acquisition: Creed. The French luxury house said Monday that it has purchased the totality of the high-end area of interest fragrance house that’s controlled by BlackRock Long Term Private Capital Europe and the present chairman Javier Ferrán. Financial terms of the all-cash transaction weren't disclosed. Creed will join other perfume brands in Kering Beauté’s stable that include Bottega Veneta, Balenciaga, Alexander McQueen, Pomellato and Qeelin. Creed is the primary area of interest fragrance brand to be owned by Kering, which announced early this yr that it was creating an in-house beauty division. The high-end luxury fragrance segment is a hot commodity today, among the many fastest growing in beauty. It’s been registering double-digit growth, plus high profitability...

0 Comments

25 Jun

Advent International Acquires Parfums de Marly, Initio Parfums Privés

by Beautifaire101

Beauty, Featured

Advent International Acquires Parfums de Marly, Initio Parfums Privés

PARIS — Two hot area of interest fragrance brands — Parfums de Marly and Initio Parfums Privés — have been snapped up by Advent International, which took a majority stake within the labels. Financial terms of the transaction weren't disclosed, but industry sources estimate that the deal was valued at greater than $700 million. Parfums de Marly and Initio have been on steep growth trajectories, together registering retail sales of $366 million last yr, and the brand new financial backing is supposed to assist bolster that. “The group has grown rapidly to turn out to be a number one area of interest perfumery house within the attractive area of interest luxury fragrance segment, which represents the fastest-growth area throughout the siable [approximately] $60...

0 Comments