Naomi Watts, actress and advocate for women’s health, and L Catterton, a Greenwich, CT-based consumer-focused investment firm, announced their partnership in the acquisition of Beverly Hills, CA based Stripes Beauty.
Launched in 2022, Stripes Beauty was founded by actress Naomi Watts with the mission to normalize conversations about menopause and other symptoms associated with natural hormonal changes as women age.
The amount of the deal was not disclosed.
With this strategic alliance, L Catterton will accelerate the brand’s growth under the new leadership of Executive Chair Debra Perelman (former Revlon CEO) and President Cara Kamenev (former L’Oreal executive), both of whom bring extensive experience in beauty, strategy, retail, and operations.
Stripes Beauty will continue to accelerate growth both domestically and internationally, fueling marketing investments and team expansion, developing an innovation pipeline, and servicing existing and new customers in the attainable luxury channel.
Stripes Beauty is a beauty and wellness age well lifestyle brand, which provides science-backed personal care and beauty products across the categories of nutritional supplements, skincare, haircare, and vaginal wellness.
FinSMEs
24/06/2024