Brand news: KIKO Milano, St Tropez; Kylie Cosmetics; Kiehl’s; Boots
Image: KIKO MIlano
KIKO Milano sells majority stake to L Catterton
L Catterton, a buyout business that’s backed by LVMH, has purchased a majority stake in the Italian, mass-market cosmetics brand, KIKO Milano, according to the UK newswire Reuters.
The deal was rumoured have been valued at around €1.4bn (including debt).
KIKO Milano – one of the world's biggest privately-owned makeup brands – was founded in 1997 by the Percassi family, who also founded men’s barber shop brand Bullfrog.
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