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L Catterton buys Italian accessible make-up brand KIKO
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L Catterton buys Italian accessible make-up brand KIKO
Apr 26, 2024 2:30 AM

MILAN, April 26 (Reuters) - Buyout firm L Catterton has

agreed to buy a majority stake in family-owned KIKO Milano in a

deal which a source close to the matter said valued the Italian

accessible make-up maker at around 1.4 billion euros ($1.5

billion) including debt.

L Catterton, which specialises in consumer goods and is

backed by France's LVMH, is buying the stake from

Italy's Percassi family who in 1997 founded what is now one of

the world's biggest privately-owned make-up brands, the

companies said in a joint statement.

($1 = 0.9304 euros)

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