French Investment Fund Experienced Capital Shakes Up Leadership

29 Nov

PARIS — French investment firm Experienced Capital is shaking up its leadership. Frédéric Biousse and Elie Kouby, who cofounded the corporate in 2016 with fellow ex-SMCP (Sandro, Maje and Claudie Pierlot) executive Emmanuel Pradère, have relinquished their operational roles within the firm, effective Nov. 13, ECP said on Wednesday. Because it gears up for its next fundraising round next 12 months, Experienced Capital might be managed by Pradère, president of the corporate since 2019, and team members Alban Gérard, partner since 2021; Amélie Gosselin-Furno, who has been appointed partner as a part of the restructuring, and Virginie Birade, director. Biousse and Kouby will regularly sell their shares within the management company to the team over the following two years, Pradère told WWD. They...

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22 Nov

Beauty Brand Yepoda Gets Investment From Chris Good, JamJar

by Beautifaire101

Beauty, Featured

MILAN — Beauty brand Yepoda has closed a series A funding round led by JamJar Investments and former Estée Lauder Cos. Inc. executive Chris Good, who will join the label not only as investor but additionally as adviser. Additional funding for the round got here from V3 Ventures, led by Treatwell founder Lopo Champalimaud, and Slingshot Ventures. The worth of the investment was not disclosed, but Yepoda said the financing might be used to expand its product range in addition to global footprint and omnichannel offering. To this end, the brand will open its first brick-and-mortar store worldwide in Milan on Dec. 5. Based in Germany, Yepoda was launched in 2020 by Veronika Strotmann and Sander van Bladel with a mission to make K-beauty...

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6 Oct

Ellis Brooklyn Reveals $9 Million Investment Round – WWD

by Beautifaire101

Beauty, Featured

Fragrance brand Ellis Brooklyn has closed a $9 million Series A investment round led by enterprise firm REDO Ventures. Ellis Brooklyn was created in 2014 by Bee Shapiro, a former attorney and longtime Recent York Times beauty columnist and launched on Sephora.com two years later with 4 high quality fragrances that focused on sustainability. The brand makes fragrances, candles and private care products and is carried at Ulta, Nordstrom, Bluemercury and Credo, and internationally at Mecca, Liberty London and Space NK. Bestsellers include Myth Eau De Parfum, $108, Sand Fragrance Body Mist, $45, and Florist Eau De Parfum, $108. Ellis Brooklyn declined to reveal revenue, but noted that it's growing double digits and is slated to double next 12 months. “Attending to know the...

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22 Sep

L’Oréal to Make Investment in Chinese Biotech Company –

by Beautifaire101

Beauty, Featured

PARIS – L’Oréal has agreed to take a minority stake in Shinehigh Innovation, a Chinese innovation-led biotech company specializing in supramolecular chemistry. This marks the primary open innovation investment the wonder giant has made through Shanghai Meicifang Investment Co. Ltd., L’Oréal China’s investment company, with support from Business Opportunities for L’Oréal Development, or BOLD, which is the group’s strategic innovation enterprise capital fund. It's also the primary investment from L’Oréal’s Big Bang Tech Innovation Challenge, which the corporate launched 4 years ago in China. Scientist Jiaheng Zhang founded Shinehigh Innovation in China in 2017. “Its breakthrough smart self-assembling technology allows previously inconceivable ingredient mixtures, leading to end-products with greater efficacy and sustainability,” L’Oréal said in a press release released Friday. “The partnership will enable L’Oréal...

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