Featured Posts

To top
Title Image

Stake Tag

18 Jul

Coty to Sell 3.6% of Wella Stake to IGF

by Beautifaire101
Beauty, Featured
Coty to Sell 3.6% of Wella Stake to IGF
PARIS – As Coty Inc. continues to deleverage, it has agreed to sell $150 million of its stake in hair care giant Wella. Coty said Tuesday that it expects to sell a 3.6 percent stake within the skilled hair care brand to investment firm IGF Wealth Management, with the money proceeds for use to pay down debt. Coty reiterated its commitment to divest its remaining 22.3 percent stake in Wella by 2025. The group said that the $150 million reflects a 4 percent premium to the book value of Wella as of March 31. The deal is predicted to shut in the subsequent two months. “Today’s announcement is a milestone for Coty, because the partial monetization of our Wella stake reinforces the strength of...
Continue reading
0 Comments
5 Jul

Coltorti Sells Majority Stake to South Korean Group NHN Commerce

by Beautifaire101
Beauty, Featured
Coltorti Sells Majority Stake to South Korean Group NHN Commerce
MILAN — Italian luxury multibrand retailer Coltorti has a latest partner. NHN Commerce, a worldwide distributor and licensee of brands in the style and wonder sector in South Korea, has acquired a majority stake within the family business, which was established in 1934 in Jesi, in Italy’s Marche region. Details on size of the stake haven't been disclosed, however the South Korean group subscribed to a ten million euro capital increase of Ikonic Srl, which is Coltorti’s parent company. Maurizio Coltorti, who represents the third generation of the founding family and who has led the international expansion of the business, will retain “a big minority stake,” based on the corporate, in addition to the role of director. Managing director Riccardo Bilancioni can be...
Continue reading
0 Comments
25 May

Permira Acquiring Majority Stake in Gruppo Florence

by Beauty Tips
Fashion, Featured
Permira Acquiring Majority Stake in Gruppo Florence
MILAN — Private equity firm Permira is acquiring a majority stake in Gruppo Florence from existing shareholders VAM Investments, Fondo Italiano d’Investimento, Italmobiliare, and Gruppo Florence’s entrepreneurs. The entrepreneurs, the management team and VAM Investments will reinvest a good portion of their proceeds and can remain committed to the project. Fondo Italiano d’Investimento may also retain a minority stake. Attila Kiss will proceed to guide Gruppo Florence as chief executive officer and Francesco Trapani will retain his role as chairman. Financial terms of the deal weren't disclosed. As reported, speculation a few possible Permira interest in Gruppo Florence had been circulating for months. “Our industrial project involves significant investments in training, revolutionary digital tools, research on sustainable production processes, and qualified management for...
Continue reading
0 Comments
15 May

Fable Investments Increases Its Stake in Perfumer H –

by Beautifaire101
Beauty, Featured
Fable Investments Increases Its Stake in Perfumer H –
PARIS — Natura & Co.’s enterprise capital fund Fable Investments has increased its stake in Perfumer H, the fragrance brand of perfumer Lyn Harris, with a purpose to help extend its product line, bolster its management team and support expansion in Asia. Harris, a former Robertet perfumer who founded the London-based fragrance brand Miller Harris within the ’90s, today operates Perfumer H out of England together with her husband, Christophe Michel. The nine-year-old brand combines natural ingredients and refillable options. Fable Investments’ first-ever deal was with Perfumer H, in late May 2021, when it took a minority investment within the activity. Terms of the brand new stake weren't disclosed, but Fable generally invests between 2 million euros to 10 million euros in...
Continue reading
0 Comments
Older Posts