Lifestyle

Botanical Beauty Brand Chantecaille Exploring Financial Options – WWD

Luxurious beauty model Chantecaille has employed Jefferies Group to discover monetary choices, WWD has discovered. 

Founder Sylvie Chantecaille confirmed that the enterprise has employed Jefferies because it appears for a companion to proceed rising.

Chantecaille’s enterprise facilities round incorporating plant and flower extracts to make high-quality cosmetics and skincare merchandise. The model was unique to Neiman Marcus for a few years, and in the present day additionally sells at Bluemercury, Nordstrom and different retailers.

Not too long ago, Chantecaille’s gross sales trajectory has picked up, particularly in China, the place it’s mentioned to be rapidly gaining traction. The skincare phase can be doing nicely, sources mentioned.

“Up to now 5 years, we’ve exploded, and a really educated Chinese language shopper fell in love with us,” Chantecaille mentioned in an electronic mail. “My household and I see fantastic alternatives for development in entrance of us and we wish to broaden.”

Business sources mentioned Chantecaille has about $120 million in gross sales, and that opening bids are due quickly. Procter & Gamble and Unilever, in addition to a number of funding corporations, are mentioned to be within the combine. 

A spokesperson for Jefferies declined to remark for this story, as did representatives for P&G and Unilever. 

Chantecaille’s Pure Rosewater, $74, made it onto Beauty Inc’s Top 100 Skin Care Merchandise of All Time record, which was determined upon by magnificence {industry} insiders. Different prime sellers embrace Simply Pores and skin Tinted Moisturizer SPF 15, $79; Orange Flower Water, $68; Bio Lifting Serum+, $278, and Luster Glide Eyeliner, $32, based on the model’s web site.

For extra from WWD.com, see: 

Shiseido to Sell Laura Mercier, BareMinerals, Buxom to PE Firm

Ulta Beauty Reaches Nearly $2 Billion in Quarterly Sales

Disappearing Tattoos Are Gaining Traction

https://wwd.com/beauty-industry-news/beauty-features/chantecaille-botanical-beauty-jefferies-financial-options-1234904391/ | Botanical Magnificence Model Chantecaille Exploring Monetary Choices – WWD

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