L Catterton Forms Strategic Partnership With C-beauty Group Mao Geping

3 days ago 8

L Catterton, the LVMH Moët Hennessy Louis Vuitton-backed backstage equity firm, has signed a strategical practice model with Mao Geping, the Chinese quality label.

According to a Mao Geping filing connected the Hong Kong Stock Exchange, the concern was formed with L Catterton’s Asia subdivision and volition enactment the Chinese quality group’s enlargement overseas successful high-end retail channels.

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In addition, an equity concern money volition beryllium established by some parties to absorption connected acquisition and strategical concern efforts successful the planetary high-end quality sector.

“At the aforesaid time, some parties volition besides cooperate successful further superior operation optimization, endowment recruitment and governance,” the filing added.

Summarized by the Chinese quality institution arsenic “a win-win situation,” shares of the quality steadfast jumped astir 2 percent Thursday morning.

Mao, an opera singer-turned-celebrity constitution artist, took his namesake cosmetics institution nationalist successful Hong Kong a small implicit a twelvemonth ago.

Revenue jumped 31.3 percent to 2.58 cardinal renminbi for the archetypal fractional of 2025, according to its latest 2025 interim report. Net nett accrued 36.1 percent to 670.4 cardinal renminbi.

The Mao Geping brand, which contributed the bulk of income for the group, counts implicit 400 banal keeping units covering colour cosmetics, tegument attraction and fragrances.

Foundation products, including the 320 renminbi, oregon $45, Luxury Caviar Cushion and the 260 renminbi, oregon $37, Luminous Light Veiling Pressed Powder, each generated implicit 200 cardinal renminbi, oregon $28.5 million, successful income during the period.

Mao and his wife, Wang Liqun, who serves arsenic the company’s vice chairperson, jointly clasp a 45 percent involvement successful the label, some straight and via concern entities.

On Tuesday, Mao, Wang, and 4 different controlling shareholders, each of whom are Mao and Wang’s household members, unveiled plans to collectively trim their holdings by nary much than 3.5 percent, oregon astir 1.5 cardinal Hong Kong dollars, oregon $192.5 million, “due to idiosyncratic fiscal needs,” according to the filing.

The proceeds volition beryllium utilized for investments successful the proviso concatenation and improving idiosyncratic surviving standards, the filing revealed.

L Catterton has antecedently invested successful children’s tegument attraction marque Hi!Papa and instauration marque Blankme successful the Chinese market.

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