Penhaligon’s Owner Cradle Holdings Initiates U.S. Expansion
This article was originally published in The Rose Sheet
Executive Summary
The specialty UK beauty brand Penhaligon's will undergo its first major U.S. expansion under Cradle Holdings, a new cosmetics business entity formed by private equity firm Fox Paine to "acquire and nurture promising prestige beauty companies.
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L’Artisan Parfumeur spin-off
Cradle Holdings has spun off personal and home fragrance company L'Artisan Parfumeur as an independent company, firm announces. Management will remain largely unchanged, with Remi Clero continuing as president and CEO of the new company. Private equity firm Fox Paine will remain the primary shareholder of both Cradle and L'Artisan Parfumeur. Penhaligon's and Erno Laszlo will remain subsidiaries of Cradle. Firm acquired Penhaligon's and Laszlo in 2002 and added L'Artisan Parfumeur the following year (1"The Rose Sheet" Feb. 18, 2002, p. 7 and 2"The Rose Sheet" Jan. 27, 2003, In Brief)...
L’Artisan Parfumeur spin-off
Cradle Holdings has spun off personal and home fragrance company L'Artisan Parfumeur as an independent company, firm announces. Management will remain largely unchanged, with Remi Clero continuing as president and CEO of the new company. Private equity firm Fox Paine will remain the primary shareholder of both Cradle and L'Artisan Parfumeur. Penhaligon's and Erno Laszlo will remain subsidiaries of Cradle. Firm acquired Penhaligon's and Laszlo in 2002 and added L'Artisan Parfumeur the following year (1"The Rose Sheet" Feb. 18, 2002, p. 7 and 2"The Rose Sheet" Jan. 27, 2003, In Brief)...
Cradle Holdings CEO
Fragrance and skin care company appoints Ralph Mason CEO, effective immediately. Mason comes to the firm from Jafra Cosmetics, where he served as chairman and exec VP since 1998. Exec succeeds Robert Nielsen, who has been elected vice chairman of the board, where he will work on "future acquisitions and overall strategy" while remaining a significant investor in the firm. Nielsen served as the first CEO of Cradle Holdings, which was founded in 2002 to "acquire and nurture promising prestige beauty companies" (1"The Rose Sheet" Feb. 18, 2002, p. 7). Cradle Holdings distributes and markets the Erno Laszlo, Penhaligon's and L'Artisan Parfumeur brands...