Stake – Beautifaire

29 Feb

After per week of untamed speculation and inaccurate press reports, Byredo has a buyer. Puig has acquired a majority stake within the brand founded by Ben Gorham in 2006. The brand, which has been backed by family office Manzanita since 2013, is claimed to have been considering deal options since last September, when it reportedly hired Goldman Sachs to contemplate a deal. The transaction comes during a time of major growth within the fragrance market. Last week, Le Figaro reported that L’Oréal was acquiring a majority stake within the brand, which sources near the brand on the time denied. Terms of the deal weren't disclosed, but Gorham will proceed as chief creative officer and Manzanita Capital will remain as a shareholder, based on a...

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24 Feb

Compass Diversified to Acquire Majority Stake in The Honey

by Beautifaire101

Beauty, Featured

The flurry of beauty and wellness deals so early in 2024 continues. Just days after Puig snapped up Dr. Barbara Sturm, investment firm Compass Diversified revealed it has acquired a majority stake in plant-derived feminine care brand The Honey Pot Company for an enterprise value of $380 million. Founded in 2012, Atlanta-based The Honey Pot Co. offers products across the female hygiene, menstrual, consumer health and sexual wellness categories that might be present in greater than 33,000 stores across the U.S. including Goal, Walmart, CVS and Walgreens. Annual sales are understood to be around $120 million. As a part of the deal, The Honey Pot Co. will proceed to be headed by its current leadership team, and existing owners and management will retain...

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30 Nov

Coty Raises Revenue Forecast, Cancels Sale of Partial Wella

by Beautifaire101

Beauty, Featured

Coty Inc. has lifted its full-year revenue forecast because the fragrance effect shows no sign of abating, concurrently it revealed it has canceled the sale of a part of its Wella stake. Buoyed by sales of the likes of Burberry Goddess, Burberry Her and Gucci Flora, the sweetness company now expects full-year like-for-like revenue growth of between 9 percent and 11 percent, ahead of its recently raised guidance of 8 percent to 10 percent. It continues to focus on adjusted earnings per share of between 44 cents and 47 cents for the 12 months as a complete, implying growth of as much as 25 percent. “This demonstrates the strength of our strategy and the strength of our portfolio,” said chief executive officer Sue...

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5 Oct

Symrise Ups Stake in Kobo Products Inc. – WWD

by Beautifaire101

Beauty, Featured

PARIS — Swiss fragrance and flavors supplier Symrise AG has raised its stake in Kobo Products Inc., a U.S.-based pigment and powder specialist for the wonder industry, to 49 percent. Financial terms of the deal weren't disclosed, but in a press release Symrise said the funds raised are expected to expand capability and enhance Kobo’s supply chain. “The transaction creates further opportunities for each corporations within the fields of mineral UV filters and ornamental cosmetics,” Symrise said. “Kobo customers may also profit from expanded capacities and global supply chains. With this step, each partners have expressed their strong commitment to this partnership and the added value it should create for patrons and consumers.” The fragrance and flavors suppliers keep expanding their reach through...

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