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KKR buys into Japan’s beauty boom with Ci FLAVORS deal as L Catterton exits
KKR agreed to acquire Ci FLAVORS, one of Japan’s leading beauty and lifestyle brand platforms, from a group of shareholders led by the consumer specialist L Catterton. Founder Yusaku Horiuchi and chief executive Yoshiaki Okura will both reinvest alongside KKR, which is making the purchase through its flagship Asia Pacific private equity strategy. L Catterton,…
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Regent puts Avon back together, a decade after the beauty icon was split apart
Regent has agreed to acquire Avon North America from LG Household & Health Care, reuniting the two halves of the 140-year-old beauty brand under a single owner for the first time since 2016. The deal, announced on Monday, is expected to close by 1 September and hands the private investment firm founded by Michael Reinstein…
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Gucci is putting its name on a race car – and everything that implies
There is a particular kind of announcement that looks, on the surface, like a PR move, but is actually a strategic declaration. Gucci becoming title partner to the Alpine Formula 1 team from 2027 is that sort of announcement. Read it quickly and you get: fashion brand joins motorsport, team gets new colours, Flavio Briatore…
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Pinault family office Artémis exits Giambattista Valli as designer regains full control
Artémis, the private investment vehicle of the billionaire Pinault family, agreed to sell its majority stake in Giambattista Valli back to the eponymous Italian designer, according to a report by WWD. The sale marks the end of an eight year ownership chapter that began as a minority investment and culminated in a quietly run auction…
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Oaktree and Ares-backed WHP Global strikes deal to acquire Marc Jacobs from LVMH
WHP Global has entered into a definitive agreement to acquire the Marc Jacobs brand from LVMH Moët Hennessy Louis Vuitton. The deal ends nearly three decades of ownership by the French luxury group. WHP, a brand management platform, counts Oaktree Capital Management and Ares Management among its principal backers. The transaction marks one of the…
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L Catterton exits Everlane at $100m in Shein sale, a sharp reset for a one-time DTC darling
L Catterton has sold Everlane, the US apparel brand it majority-owned, to Chinese e-commerce group Shein at a valuation of approximately $100m, according to reports by Puck and The Information. The transaction marks a steep discount to the valuations Everlane commanded during the height of the direct-to-consumer e-commerce boom and underscores the brutal reset that…
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1686 Partners bets $200m on the brands defining how the next generation lives
Luxembourg-based 1686 Partners closed its debut Lifestyle Fund at $200m, targeting founder-led brands at the intersection of fashion, beauty, and creator culture across Europe, North America, and Asia Luxembourg-based 1686 Partners has held the final close of its Lifestyle Fund at $200m, drawing capital from a diverse base of international investors spanning entrepreneurial families, strategic…
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JPMorgan structures $5.9bn financing for Estée Lauder’s potential Puig deal
JPMorgan is structuring a $5.9bn financing package for Estée Lauder, as the cosmetics group advances discussions over a potential tie-up with Puig Brands, the Expansión reported. The bank is coordinating talks with lenders to assemble funding for a cash-and-stock transaction, which could underpin one of the largest deals in the global beauty sector. The proposed…
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General Atlantic set for exit as Tory Burch lines up $700m leveraged loan
General Atlantic is set to exit its long-standing investment in Tory Burch, as the luxury retailer moves to repurchase the private equity firm’s stake through a $700m leveraged loan, Bloomberg reports. The transaction will see approximately $346m allocated to buying out General Atlantic’s interest, marking the end of a partnership that dates back to 2012. …
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Advent exits OLAPLEX in $1.4bn sale to Henkel as premium beauty M&A accelerates
Advent has agreed to sell OLAPLEX to Henkel in a transaction valued at $1.4bn, as the private equity firm exits the premium hair care brand amid continued consolidation in the beauty sector. The deal, which has been approved by OLAPLEX’s board, will see Henkel acquire 100% of the company, marking a strategic expansion of its…