L Catterton, backed by LVMH, acquires majority stake in Kiko, an Italian beauty brand founded by the Percassi family.
LVMH-backed L Catterton has agreed to buy a majority stake in Italian beauty brand Kiko, founded by the Percassi family in 1997. Kiko is a global cosmetic company with a retail network of 1,100 stores in 66 countries and reported a net revenue of €800 million ($859 million) in 2023, a 20% increase from the prior year. The Percassi family will retain a significant stake in the business.
April 26, 2024
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