L Catterton Acquires Majority Stake in Kiko Milano

L Catterton, a private equity firm supported by LVMH Moët Hennessy Louis Vuitton, has acquired a majority stake in the Italian beauty company Kiko Milano. Established in 1997 by Antonio and Stefano Percassi, Kiko Milano has grown to achieve significant global presence, with sales reaching €798 million in 2023, up 19% from the previous year. The deal is expected to further expand Kiko Milano's reach, particularly in the U.S., leveraging L Catterton’s extensive experience in scaling consumer brands. The Percassi family will maintain a minority stake, with Antonio Percassi continuing as president and Simone Dominici as CEO.

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