29 Apr 2024 --- LVMH-backed investment firm L Catterton acquires a majority stake in the Italian beauty brand Kiko Milano from the founding Percassi Family, who will retain a “significant” stake in the company. Terms of the transaction have not been disclosed. Founded in Bergamo, Italy, in 1997 by Antonio and Stefano Percassi, Kiko is among the world’s largest privately owned color cosmetics brands. The brand oversees a retail network of more than 1,100 stores in 66 countries and an efficient e-commerce platform.
