Stake – Page 2 – Beautifaire

21 Sep

PARIS — Pierre Fabre Laboratoires has taken a minority stake in MiYé, the French skincare and dietary supplements brand specializing in women’s hormonal balance and well-being — a burgeoning category in the wonder industry today. Financial terms of MiYé’s first funding round, with Pierre Fabre the only investor, weren't disclosed. But the businesses jointly said in a press release that the investment will help the brand speed up its development, due to Pierre Fabre labs’ know-how in medicine and the pharmacy market. Within the near term, MiYé is readying to develop an awareness-raising and personalized support program involving online consultations with naturopaths and micronutritionists. MiYé was cofounded in 2020 by Caroline de Blignières and Anna Oualid, with the backing of a scientific community...

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7 Sep

L Catterton Takes Minority Stake in Maria Nila –

by Beautifaire101

Beauty, Featured

PARIS — L Catterton has taken a minority stake in Maria Nil, with a view to step up the Swedish sustainable skilled hair care brand’s growth and international expansion. L Catterton, the private equity firm backed by LVMH Moët Hennessy Louis Vuitton, said it made the investment of a “significant minority stake” through its European fund. Specific financial terms of the deal weren't disclosed. Hair care — a high-potential beauty category — may be very much within the sites of investors today. Maria Nila, based in Stockholm, produces wholly vegan and climate-compensated hair care products. The brand is five years old, and sold in Europe and the U.S. The businesses said jointly in a press release Wednesday that the partnership will help Maria Nila...

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3 Sep

Next to Increase Stake in Reiss to 72 Percent

by Beautifaire101

Beauty, Featured

LONDON — British high-street retailer Next on Friday revealed that it and the Reiss family have agreed to accumulate all of personal equity firm Warburg Pincus’ 34 percent interest within the Reiss Group for 128 million kilos. The transaction, which is anticipated to happen in mid-October, would see Next’s holding within the brand go up from 51 to 72 percent. Meanwhile, the Reiss family’s share will increase to 22 percent, with the remaining 6 percent held by the Reiss management team. Warburg Pincus acquired a majority stake from the Reiss family in May 2016. Next said the deal wouldn't contribute to the underlying profitability of the group, but there could be a non-recurring, non-cash, exceptional gain in its accounts within the period. The...

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31 Jul

Kering Buys 30% Stake in Valentino, Signaling Latest Strategy

by Beautifaire101

Beauty, Featured

PARIS — Kering said on Thursday it has bought a 30 percent stake in Valentino for 1.7 billion euros in money as a part of a broader strategic partnership with Qatari investment fund Mayhoola, because it seeks to chart a course for growth during a transitional yr for its star brand Gucci. The acquisition, which got here every week after a significant management reshuffle, overshadowed a weak performance within the second quarter that saw Gucci miss market expectations because it adapts to a recent corporate and inventive leadership following the exit of longtime chief executive officer Marco Bizzarri and inventive director Alessandro Michele. Kering has an choice to buy one hundred pc of Valentino’s capital by 2028, while Mayhoola could turn into...

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