By
Reuters API
Reuters API
Published
Oct 18, 2022
Oct 18, 2022
Percassi family regains full control of KIKO as Peninsula exits
By
Reuters API
Reuters API
Published
Oct 18, 2022
Oct 18, 2022
The Percassi family has bought the 38% stake in Italy's KIKO held by UK private equity fund Peninsula Capital, regaining full ownership of the cosmetics group it had founded in 1997, it said in a statement on Tuesday.

The closing of the operation is expected by the end of this year, it added, without disclosing any financial details.
Peninsula bought a stake in KIKO back in 2018 to help fund the brand's international growth and boost profitability.
Popular due to its cheap but trendy make-up products, KIKO is present in 52 countries with sales of around 750 million euros ($738.53 million).
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