New York, NY, March 14, 2015 --(PR.com
)-- Manzanita Capital announces the closing acquisition of Kevyn Aucoin Beauty, the color cosmetics brand, originally founded by legendary makeup artist Kevyn Aucoin who set the standard for makeup artistry and pioneered the art of contouring and other innovative makeup techniques. Through his life’s work and his best-selling beauty books, Kevyn’s techniques continue to influence the beauty industry and consumers around the world. Kevyn Aucoin Beauty has established itself as an influential color player at many of its retail partners which include Neiman Marcus, Bergdorf Goodman, Barneys, Nordstrom and Space NK.
Manzanita Capital a family private equity fund has a successful background specializing in growing emerging, high-end brands. Founded in 2001 by one of the world’s premier retailing families, Manzanita Capital uses its expertise in international retail and brand building and its financial resources to enable management teams to realize their growth potential. Kevyn Aucoin joins its portfolio of luxury beauty brands, and retailers which include SpaceNK, Diptyque, Byredo, Eve Lom, Lipstick Queen, Malin & Goetz and 10/10 Apothecary.
“We are thrilled to be a part of the Manzanita Capital family,” commented Hillary Solomon, CEO of Kevyn Aucoin Beauty. “Their successful track record in brand building and international expertise will provide us with a solid platform for global expansion. We look forward to leveraging the brand’s iconic heritage and maximizing our growth potential.”
For media inquiries and more information please contact:
Maria Malonoski | Maria@bollare.com
Allison Chayo | Allison.Chayo@bollare.com