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KIKO Milano: L Catterton, which specialises in consumer goods is buying the stake from Italy's Percassi family, which in 1997 founded what is now one of the world's biggest privately-owned make-up brands, the two companies said in a joint statement.The Percassis will retain a "significant" stake in KIKO, they added, without giving further detail.
The L Catterton private equity fund backed by LVMH acquired a majority stake in Italian beauty company Kiko Milano, founded by the Percassi family.
/PRNewswire/ -- L Catterton, a leading global consumer-focused investment firm, today announced that it has entered a definitive agreement to acquire a...
L Catterton has already invested in more than 30 beauty brands, including Intercos, Elemis, ETVOS, Maria Nila, and Oddity.
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