MILAN — Kiko Milano is looking for a minority shareholder, according to Mergermarket this week.Citing unnamed sources, the financial news platform said the Italian cosmetics company is set to hire Rothschild as the adviser for the search, and mentioned Apollo, Carlyle, Investindustrial and Peninsula among the funds interested in taking a minority stake in Kiko Milano.Reached on Thursday, the company declined to comment.As reported, Kiko Milano is facing a transition and looking for a capital increase of about 100 million euros to reschedule its debt with creditor banks.The company's total debt is reported to be 200 million euros, with almost half of it owed to the Banca Generali SpA. The rest is owed to a pool of institutions, including the BNP Paribas and UniCredit banks.Founded in 1997 by entrepreneurs Stefano and Antonio Percassi, Kiko’s revenue for 2017 was 610 million euros, up 3 percent on the previous year. The brand operates more than 1,000 doors in 21 countries, including its largest flagship, in Milan, and an e-commerce platform spanning 35 countries.The company's e-tail sites will be enhanced, and in the U.S., where Kiko USA filed for bankruptcy in January, Kiko's e-commerce activity is the primary focus. The company is shutting down nearly all of its 29 brick-and-mortar units and closing its New York headquarters.The reorganization is part of a bigger, global plan that will favor retail expansion in markets experiencing high rates of development, such as Asia, India and the Middle East. The strategy calls for investments of 90 million euros over the next three years.In July, Kiko SpA, parent company of the cosmetic labels Kiko Milano, Madina, Womo and Bullfrog, appointed Cristina Scocchia as its chief executive officer. She formerly served as ceo and president of L’Oréal’s Italian division for four years and helmed the international operations of Procter & Gamble’s cosmetics business in Italy.
“I like everything she does,” said @lilkimthequeenbee about @parishilton at Hilton’s launch party for her collab with @boohoo. “She understands women and the certain body types. I think her clothes are so cute. It’s hot. She’s funny, but sexy at the same time, just like me.” #wwdeye (📸 @chelsealaurenla ) #parishilton #boohoo #lilkim
“It has to be authentic and real to me,” @charlotteslawrence tells WWD’s @leighen about writing her own music. “No matter what I’m singing, I have to still be able to feel it in that moment or in five years from now — I have to be able to connect to that moment: this is my story, this is a little piece of me.” Read more on wwd.com (📸: @jgreenery ) #wwdeye #charlottelawrence
To celebrate Pride 2018, @themarcjacobs released the #GratefulNotHateful campaign, a social media initiative aimed at extending Pride beyond the parade. Inspired by Jacobs’ everyday outlook, the campaign features Jacobs along with a group of models and social media stars who are members and supporters of the LGBT community, all seen wearing @marcbeauty’s Highliner Gel Eye Crayons in colors of the rainbow. Head to our Instagram stories to see close-ups of the liner. #wwdbeauty