LVMH fund takes control of Kiko Milano

Featured image of the article LVMH fund takes control of Kiko Milano

An article by Sophie Baqué

Publication

29 April 2024 à 17h48

Updated on 15 May 2024 à 17h14

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1 minute

Publication: 29 April 2024 à 17h48, Updated on 15 May 2024 à 17h14

Reading time: 1 minute

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An article by Sophie Baqué

Publication

29 April 2024 à 17h48

Updated on 15 May 2024 à 17h14

Reading time

1 minute

Publication: 29 April 2024 à 17h48, Updated on 15 May 2024 à 17h14

Reading time: 1 minute

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L-Catterton Management (US$35 billion in assets under management, including A.P.C., Ganni, Birkenstock…) announced on April 26, 2024, that it was taking a majority stake in Kiko Milano beauty retailer. This is despite sales’ deceleration by 50% in a year : in 2023, Kiko’s revenue increased by 19% to €798 million after a rise of 42% in 2022. The amount of the deal was not disclosed, but would value the beauty retailer for around €1.4 billion, according to the Il Sole 24 Ore newspaper. The Percas

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Featured image of the article Sophie Baqué
Sophie Baqué
Featured image of the article Sophie Baqué
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