Tuesday, May 13, 2025
LBNN
  • Business
  • Markets
  • Politics
  • Crypto
  • Finance
  • Energy
  • Technology
  • Taxes
  • Creator Economy
  • Wealth Management
  • Documentaries
No Result
View All Result
LBNN

Leste Group Completes Private Equity Deal With Significant Stake in Prestige Cosmetics

Simon Osuji by Simon Osuji
March 6, 2024
in Politics
0
Leste Group Completes Private Equity Deal With Significant Stake in Prestige Cosmetics
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

Firm partners with leading distributor of luxury perfume, cosmetic and skincare brands to drive North American presence

MIAMI–(BUSINESS WIRE)–Leste Group (“Leste”), a global alternative investment manager, today announced the acquisition, through its private equity platform, of a significant stake in Prestige Cosmetics (“Prestige” or the “Company”), a leading distributor of luxury perfumes and cosmetics in Brazil with a growing presence in North America. Financial terms of the private transaction were not disclosed.


Prestige is the exclusive distributor in Brazil for a number of luxury perfume, fragrance, and skincare brands including Clinique, Dolce & Gabbana, Salvatore Ferragamo, Bulgari, Tom Ford, Acqua di Parma, and Bond No. 9. The Company also has significant operations outside Brazil, and Leste will be focused on working with management to accelerate its international expansion.

“North America is the largest beauty market in the world, and we’re confident our private equity investment in Prestige will help bolster its expansion in the region as the Company prepares for its next stage of growth,” said Emmanuel Hermann, CEO & Founder of Leste Group. “The acquisition further demonstrates our extensive knowledge of the private markets, and we look forward to utilizing this experience to continue growing our private equity portfolio.”

“Our partnership with Leste Group will enable us to increase Prestige’s global distribution network, strengthen our retail footprint and e-commerce channel, form new brand partnerships, and explore additional strategies to further enhance our business,” said Evelyse Britto, Founder of Prestige Cosmetics. “Leste shares our vision for the future, and we look forward to capitalizing on their financial expertise and industry knowledge to identify new opportunities and markets moving forward.”

Leste Group, best known in the U.S. for its equity and credit investments in real estate, is an experienced global private equity investor, having completed seven deals over the past decade.

About Leste Group

Founded in 2014, Leste Group is a global independent alternative investment manager guided by core values of respect, creativity, and teamwork. The firm offers investors a diverse range of strategies across real estate, credit, private equity, and special situations. Leste Group’s investment teams leverage institutional-grade processes, a nimble, entrepreneurial approach, capital markets expertise, and exclusive networks to source unique opportunities and drive risk-adjusted returns. For more information, please visit leste.com.

About Prestige Cosmetics

Prestige Cosmetics specializes in the distribution of perfumes and cosmetics from LVMH, Estee Lauder, Interparfums, Richemont, Shiseido, Clarins, La Prairie, and other renowned international brands. Founded in 2014 and led by Evelyse Britto, along with partners Shinji Motoyama and Roberto Thiry, Prestige has grown to be a leading distributor of fragrances and cosmetic products internationally. For more information, please visit www.prestigecosmeticos.com.br.

Contacts

Media
Joshua Greenwald

(646) 504-7306

[email protected]

Source link

Related posts

Discovering Thailand: Experiences for Kenyans Abroad

Discovering Thailand: Experiences for Kenyans Abroad

May 13, 2025
Kenyan Job Seekers Affected by UK’s Caregiver Recruitment Halt

Kenyan Job Seekers Affected by UK’s Caregiver Recruitment Halt

May 13, 2025
Previous Post

Microsoft engineer sounds alarm on AI image-generator to US officials and company’s board

Next Post

Govt to make heat pump rollback as part of budget announcements

Next Post
Govt to make heat pump rollback as part of budget announcements

Govt to make heat pump rollback as part of budget announcements

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED NEWS

Technics SC-CX700 Review: Faithful Musical Reproduction

Technics SC-CX700 Review: Faithful Musical Reproduction

7 months ago
Saudi’s Red Sea Global awards Turtle Bay Village school construction contract

Saudi’s Red Sea Global awards Turtle Bay Village school construction contract

1 year ago
US senators avert partial shutdown

US senators avert partial shutdown

1 year ago
SA teams flew local manufacturing flag high at 2024 Dakar Rally

SA teams flew local manufacturing flag high at 2024 Dakar Rally

1 year ago

POPULAR NEWS

  • Ghana to build three oil refineries, five petrochemical plants in energy sector overhaul

    Ghana to build three oil refineries, five petrochemical plants in energy sector overhaul

    0 shares
    Share 0 Tweet 0
  • When Will SHIB Reach $1? Here’s What ChatGPT Says

    0 shares
    Share 0 Tweet 0
  • Matthew Slater, son of Jackson State great, happy to see HBCUs back at the forefront

    0 shares
    Share 0 Tweet 0
  • Dolly Varden Focuses on Adding Ounces the Remainder of 2023

    0 shares
    Share 0 Tweet 0
  • US Dollar Might Fall To 96-97 Range in March 2024

    0 shares
    Share 0 Tweet 0
  • Privacy Policy
  • Contact

© 2023 LBNN - All rights reserved.

No Result
View All Result
  • Home
  • Business
  • Politics
  • Markets
  • Crypto
  • Economics
    • Manufacturing
    • Real Estate
    • Infrastructure
  • Finance
  • Energy
  • Creator Economy
  • Wealth Management
  • Taxes
  • Telecoms
  • Military & Defense
  • Careers
  • Technology
  • Artificial Intelligence
  • Investigative journalism
  • Art & Culture
  • Documentaries
  • Quizzes
    • Enneagram quiz
  • Newsletters
    • LBNN Newsletter
    • Divergent Capitalist

© 2023 LBNN - All rights reserved.