Carlyle news and archive

Very Group receives 125 million pounds funding from Carlyle and IMI

The Very Group has received a 125 million pounds funding package from global investment firm Carlyle and international investment house IMI. The agreement includes Carlyle and IMI each taking a seat on the Very Group board. The company also announced that following two years in the role and having reached the end of his contract term, Dirk Van...

BusinessFeatured

End. Clothing lines up former Gucci CEO as new chair

US private equity giant Carlyle is reportedly lining up former Gucci chief executive Patrizio di Marco to become chair of British luxury, streetwear and sportswear retailer End. Clothing. Di Marco, who spent six years at the helm of Gucci before exiting in 2015, will join End.Clothing in the coming months, Sky News reports. Since leaving the...

Business

Carlyle Group acquires majority stake in Beautycounter

Global investment firm The Carlyle Group has acquired a majority stake in digital-native clean beauty brand, Beautycounter, an investment that values the company at 1 billion US dollars. The investment will set Beautycounter up for “accelerated growth,” said Carlyle in a statement, by allowing the beauty company to accelerate its strategic...

People

Golden Goose appoints former Chanel CEO Maureen Chiquet as Chairman of Board of Directors

Italian luxury streetwear brand Golden Goose has appointed former Chanel global chief executive officer Maureen Chiquet as its new Chairman of Board of Directors. Chiquet will replace Patrizio Di Marco, the former CEO of Gucci, and work alongside Silvio Campara, the company’s CEO since 2018. Chiquet’s appointment demonstrates Golden Goose’s...

Apparel

Carlyle grabs stake in Fabindia

Global private equity major Carlyle has grabbed an equity investment in ethnic wear chain Fabindia. The latter would utilise the funds generated through stake sale to expand its network of small-format stores in Tier II, III cities. The deal values the company at Rs 1,400 crores. The buzz is that Carlyle outbid top private equity firms like Bain...