Sells – Page 3 – Beautifaire

21 Dec

Coty Sells Lacoste Fragrance License Back to Lacoste –

It’s a case of 1 out, one in for Coty’s fragrance offering. Coty has sold its Lacoste fragrance license back to Lacoste by mutual agreement for an undisclosed sum, and individually, renewed its license with Hugo Boss. Coty had managed Lacoste’s fragrances for the past six years and stressed that in its tenure, Lacoste men’s fragrances have secured a premium positioning out there, with two award-winning pillars, L’Homme and Match Point, multiple innovations, and a 17-place improvement in French market rankings. Thierry Guibert, Lacoste president, said: “We're very appreciative of Coty’s support throughout our partnership. With Coty, Lacoste has taken a vital step in the event of its fragrance lines. It's now time for the brand to renew its approach to proceed its...

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16 Dec

Gordon Brothers Sells Orsay Women’s Brand

by Beauty Tips

Fashion, Featured

Gordon Brothers has sold the Orsay women’s brand, archives, related trademarks and other mental property to a personal investor from the Czech Republic operating under Orsay International. The deal, revealed Thursday, comes just fourth months after Gordon Brothers, the Boston-based advisory, restructuring and investment firm, bought Orsay from Orsay GmbH. “Once we bought Orsay’s brand, it was a standard, vertically integrated structure with legacy systems and a big brick-and-mortar store footprint,” said Tobias Nanda, head of brands at Gordon Brothers. “In record time, we revitalized sourcing and design options, established latest manufacturing resources, optimized IT and reorganized human capital, and built out a sturdy distribution network online that allowed the brand to proceed.” In line with Gordon Brothers, the private investor will proceed...

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7 Nov

Eurazeo Sells Majority Stake in Nest to North Castle

by Beautifaire101

Beauty, Featured

Eurazeo Sells Majority Stake in Nest to North Castle

Nest has a recent but somewhat familiar majority owner. Investment company Eurazeo has sold its majority stake in the house scent and fragrance company to an investor group led by private equity firm North Castle Partners, in a transaction that values Nest at about $200 million. Terms of the deal weren't disclosed. Eurazeo and Nest founder Laura Slatkin will retain minority ownership positions. North Castle Partners can be familiar to Nest as beauty industry adviser Wealthy Gersten was at Tengram Capital Partners when it was Nest’s essential backer and subsequently sold its majority stake to Eurazeo in 2017 for $70 million. Nest represents North Castle’s second beauty and private care investment within the last two years. “I believe it’s amazing that somebody that invested...

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26 Oct

Zara Parent Sells Russian Real Estate; Van Crashes Into

by Beauty Tips

Fashion, Featured

Zara Parent Sells Zara Parent Sells Selling Stores: Zara parent company Inditex will sell its business in Russia, after shuttering their doors seven months ago. In a filing with Spanish regulators after market close, Inditex said it has reached an initial agreement with Daher group to take over its stores there. “Daher group has outstanding interests within the retail and real estate industry,” the corporate said in an announcement. “The terms of the transaction, subject to government approval, will enable the preservation of a considerable variety of jobs generated by Inditex Group in Russia, because it includes the transfer of a lot of the lease contracts related to stores.” Financial terms weren't disclosed. Before the locations closed at the beginning of the war in Ukraine,...

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