Private equity firm TSG Consumer Partners has closed on its sixth fund at $1.3 billion.
The San Francisco-based firm specializes in investments in high-growth, middle-market branded consumer firms. So far in the personal care space, it has made investments in beauty and skin care firms Smashbox Cosmetics, Elf Cosmetics and Perricone MD Cosmeceuticals, as well as nail care brand Cutex. It also has made investments in premium hair care brands Alterna, Kenra and Pureology. TSG acquired Sexy Hair Concepts in May. The firm sold its minority stake in Smashbox to The Estée Lauder Cos. Inc. in 2010, and its stake in Pureology to L’Oréal in 2007.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)