The key to happiness and success by Karine Ohana This morning Karine Ohana, Managing Partner Ohana & Co., shares her quote with us. The Forbes #GoodMorningChallenge continues! [embed]https://youtu.be/bQ9J7TWanr4[/embed]
South Korea's top cosmetics maker, AmorePacific, has forged a strategic partnership with Milk Makeup, a New York City-based cosmetics and skincare company, to cooperate in marketing and sales as the two companies are expanding their global presence.
Bandier, the American leader in sportswear, raised 34.4 million dollars in a round of table led by Eurazeo Brands. The tour de table was led by Eurazeo, a leading global investment company that manages nearly € 17 billion in diversified assets.
Dotdash completed the acquisition of Byrdie and MyDomaine from Clique Brands. Ohana acted as exclusive financial advisor of Clique Brands.
Mally Beauty, the iconic color cosmetics brand, has signed an agreement with Guthy-Renker for a minority investment.
Societe Generale, a leading European financial services group, has signed an agreement to acquire Cegelease, a prominent financial leasing company in France.
Hong-Kong based C Ventures has made a minority investment in Bandier, the trendsetting athleisure retailer. Since opening their first store in the Hamptons, husband-and-wife founders Jennifer Bandier and Neil Boyarsky have been setting the trend in #ActiveFashion. With several retail locations, on-site fitness classes, and a fast-growing e-commerce business that accounts for half of total sales, Bandier has established itself as an omnichannel leader in the booming athleisure industry. Headed by cultural entrepreneur and K11 founder Adrian Cheng, C Ventures is a new venture capital fund that focuses on connecting emerging fashion, media and creative businesses for the next generation. With an expanding portfolio, C Ventures strives to map out a cultural ecosystem to meet the fast-changing needs of global millennials and Gen Z. C Ventures also benefits immensely from Cheng’s expansive scope of businesses in China and Asia, which include world’s largest jewellery chain Chow Tai Fook, cultural enterprise New World Group, world’s first museum-retail concept K11, international hospitality group Rosewood Hotels & Resorts, luxury fashion distributor Luxba and leading Chinese media group Modern Media. C Ventures was founded in 2017 and is currently managed by Cheng and his business partner Clive Ng.
Onward Holdings, the listed Japanese luxury group, has acquired a controlling stake in Charlotte Olympia, the iconic British footwear and accessories label. This acquisition is part of an expansion plan that aims to accelerate Charlotte Olympia’s growth within Europe and Asia. Ohana & Co. acted as exclusive financial advisor to Onward in this transaction. Founded in 2008, by Charlotte Dellal, Charlotte Olympia is known for creativity, craftsmanship and femininity. The brand has established itself as a global luxury player with designs influenced by Hollywood cinema glamour and movie stars from the 1940s and 50s. Charlotte Olympia Dellal said “We are proud to welcome OLG as a strategic partner to Charlotte Olympia and are excited to have a partner that shares the brand’s passion for creativity, innovation and the highest standards of craftsmanship”. “OLG has a proven track record in developing global brands and businesses. This will help Charlotte Olympia to continue to grow its luxury presence on a global basis”, added Bonnie Takhar, Charlotte Olympia’s President. “We have followed the incredible success of Charlotte Olympia for some time and admired the brand’s ability to become one of the most innovative global players in the shoe industry” said Franco Penè, chairman of Onward Luxury Group. Charlotte Dellal, founder and creative director, and president Bonnie Takhar will continue to helm the company.
Unilever has acquired luxury color cosmetics brand Hourglass, the group’s first move into makeup. Hourglass will join Unilever’s prestige beauty portfolio, which also includes Murad, Ren, Dermalogica, Kate Somerville and Living Proof. Ohana & Co. acted as exclusive financial advisor to Hourglass in this transaction. Founded in 2004 by beauty industry veteran Carisa Janes, Hourglass is known for innovation, luxe packaging and exceptional product experience. The brand is acclaimed for its breakthrough formulations and technological innovation, including the use of active ingredients in complexion products. Hourglass’s distinctive offering has secured the brand a loyal following amongst consumers who look for high performance beauty products. Alan Jope, President Personal Care, Unilever, said, “We are delighted to be adding Hourglass to our portfolio of Prestige brands. The color cosmetics category has been showing high growth-rates, driven by social media content, channel diversity and democratization of professional makeup techniques, and it therefore presents a significant opportunity. Hourglass is already a successful brand in this space, offering fantastic make-up products that also deliver skin care benefits, and we look forward to continuing to grow this wonderful brand.” Carisa Janes, CEO Hourglass, added, “As the first color brand in Unilever’s Prestige portfolio, we are excited about this partnership as Hourglass continues to challenge the status quo with high performance luxury cosmetics. Unilever’s commitment to innovation and social responsibility is aspirational, and perfectly aligned with our vision for the future of Hourglass.” “We are grateful to the Ohana & Co. team for the job they have done in assisting us through this entire process and helping us to achieve a great deal with a wonderful partner!”, says Carisa Janes, founder of Hourglass.