L’Artisan Parfumeur spin-off
This article was originally published in The Rose Sheet
Executive Summary
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)...