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CVC Moves to Sell FineToday After Shelved IPO
THE WHAT? CVC Capital Partners is exploring a sale of Japanese personal care company FineToday after postponing its planned Tokyo IPO. THE DETAILS FineToday delayed its listing in October after targeting a valuation of around ¥169 billion (US$1.08 billion), below earlier expectations. Sources say CVC is now seeking a valuation of over US$2 billion,…
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King Street Leads Refinancing Facility for Voyant Beauty
THE WHAT? King Street Capital Management has led a first-lien term loan facility to refinance contract manufacturer Voyant Beauty. THE DETAILS The new facility replaces Voyant Beauty’s existing term loan and repays outstanding asset-based lending, while also providing additional liquidity for general corporate purposes. The refinancing is designed to simplify the company’s balance sheet…
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Sacheu Beauty Appoints First CMO and CFO as It Scales
THE WHAT? Indie cosmetics brand Sacheu Beauty has expanded its executive team, appointing its first chief marketing officer and chief financial officer. THE DETAILS Sacheu has named Michelle Miller as CMO and Connie Kim as CFO, with both executives reporting to CEO Quinn Roukema. Miller joined in December 2025 from Vegamour and previously served…
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Kering Brings Ardian Into Fifth Avenue Flagship in US$900m Joint Venture
THE WHAT? Kering has finalised a joint venture with investment firm Ardian covering its landmark luxury retail property at 715–717 Fifth Avenue in New York. THE DETAILS Under the agreement, Ardian holds a 60% stake in the newly created vehicle, with Kering retaining 40%. The Fifth Avenue asset comprises approximately 115,000 sq. ft of…
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YSE Beauty Secures US$15m Series A to Scale Sephora and DTC Growth
THE WHAT? YSE Beauty, the skincare brand founded by Molly Sims, has closed a US$15m Series A growth equity round led by Silas Capital, with participation from L Catterton and existing investors Willow Growth Partners and Halogen Ventures. THE DETAILS The funding will be used to accelerate YSE Beauty’s expansion across Sephora’s US store…
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Coty Chair Peter Harf to Step Down as JAB Plans Leadership Overhaul
THE WHAT? Coty is preparing for a senior leadership shake-up, with chair Peter Harf set to step down and chief executive Sue Nabi expected to depart as controlling shareholder JAB Holdings moves to reset the group’s direction. THE DETAILS JAB plans to appoint a new chair who will then move quickly to install a…
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Shanghai Forest Cabin Cosmetics Files for Hong Kong IPO
THE WHAT? Shanghai Forest Cabin Cosmetics Group, known as Lin Qingxuan, has filed for an initial public offering in Hong Kong as competition intensifies in China’s premium skincare market. THE DETAILS The company’s growth is anchored by its Camellia Essential Oil, which contributes nearly 40% of annual revenue and more than 45% in its…
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Seoul Beauty Club Raises US$2m Pre-Seed to Expand U.S. K-Beauty Platform
THE WHAT? U.S.-focused K-beauty subscription platform Seoul Beauty Club has raised US$2 million in pre-seed funding to scale its personalised skincare offering. THE DETAILS The round included investors from Korea and the U.S., including Sazze VC, Hustle Fund, Collaborative Fund Asia and Mashup Ventures. Operated by Faiston Corporation, the platform targets U.S. women aged…
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TPG Exits Most of Anastasia Beverly Hills Stake, Taking Major Loss
THE WHAT? TPG has largely exited its investment in Anastasia Beverly Hills through a debt restructuring, significantly eroding its approximately US$600 million stake in the cosmetics company. THE DETAILS The private equity firm acquired around 38% of the brand in a leveraged deal and now holds an estimated 6% following the restructuring. The move…