Courtin-Clarins Family to Acquire Clean Makeup Brand Ilia

Famille C, the Courtin-Clarins household’s personal funding fund, has signed a contract to buy the American magnificence model, which recorded gross sales of $100 million in 2021, for an undisclosed sum. The transaction is anticipated to be authorised within the first half of 2022 and can give Famille C-owned cosmetics firm Clarins a minority share in Ilia’s capital. Ilia founder Sasha Plasvic and chief government Lynda Berkowitz will proceed to lead the enterprise and retain a minority share.“From a strategic viewpoint, the acquisition is consistent with our purpose of supporting distinctive manufacturers that share our values and imaginative and prescient, and it’ll strengthen our foothold within the US,” mentioned Prisca Courtin-Clarins, deputy CEO of Famille C.Learn extra:Why Big Beauty Is Investing in Clean BeautyDEK of article you’re including as Further Reading

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