Blackstone news and archive

Blackstone to acquire majority stake in Supergoop

Blackstone Growth has announced a majority stake in sunscreen beauty brand Supergoop, which will be used to invest in innovation and marketing. Supergoop, founded by former teacher and skincare industry pioneer Holly Thaggard, has reported tremendous growth over the past five years and has become one of the first protective skincare brands that...

BusinessFeatured

Spanx sells majority stake to investment firm Blackstone

Spanx has sold a majority stake to private equity firm Blackstone in a deal that values the US shapewear brand at 1.2 billion dollars. The Atlanta, Georgia-headquartered company said the acquisition will help accelerate its digital transformation, expand its global footprint, and add new categories. Spanx founder Sara Blakely will retain “a...

Business

Blackstone invests Rs 1,750 cr in Future Lifestyle Fashion

Future Lifestyle Fashion, the flagship fashion business of Kishore Biyani-owned Future Group has received Rs 1,750 crore investments from Blackstone, the world’s biggest private equity firm. Blackstone is investing in Ryka Commercial Ventures, the holding company of the lifestyle retailer through debentures which will be used to retire or...

Business

Future Lifestyle Fashions gets PE funding from Blackstone

Blackstone has infused capital in Future Lifestyle Fashions. The primary investment will be through a combination of equity and structured debt that will fund the capital expansion of the deep-discount retail format Brand Factory. The structured credit line will be for five years with a fixed coupon while the equity upside is expected to accrue...

Business

Crocs buying back 50 percent of Blackstone stake

Crocs Inc. plans on buying back and converting some of the preferred shares held by Blackstone Group LP in the latest sign that a multi-year turnaround effort has been working in the company's favor. The company will pay 183.7 million dollars for half the preferred stock Blackstone acquired as part of a 200 million dollar investment back in...

Business

Blackstone partially exits Gokaldas Exports

Private equity giant Blackstone has sold 4.5 per cent stake in Gokaldas Exports for Rs 10.48 crores, having lost around 75 per cent or three fourth of the original investment in the process. It sold 1.5 million shares on Monday at Rs 67.65 each. The shares were acquired by ICICI Bank, as per bulk deal disclosure on the BSE. The PE firm had...

Apparel

Blackstone strives to revive Gokaldas Exports

Blackstone, the private equity (PE) investor, who had acquired a 68 percent stake in Gokaldas Exports at 158.7 million dollars (overRs 960 crores) in 2007, has been struggling to keep the business running. The originally Hinduja-owned Bangalore-based company has failed to perform in last five-six years, since the time Blackstone bought the...

Apparel

Blackstone struggles to keep Gokaldas Exports afloat

Blackstone, the private equity (PE) investor, who had acquired a 68 percent stake in Gokaldas Exports at 158.7 million dollars (Rs 978.4 crores) in 2007, is struggling to keep the business running. The originally Hinduja-owned Bangalore-based company has failed to perform in the last five years of after Blackstone bought the majority stake. The...

Apparel

Blackstone takesover Gokaldas

Three years after it purchased a controlling stake in the Indian garment exporter, Blackstone Group LP, the world’s biggest private equity firm, has finally rolled its engine to play an active role in Gokaldas Exports. To head its sales and marketing division and drive its overseas business, the company has appointed Gautam Chakravarti,...