Earlier this week Tengram Capital Partners entered a “significant partnership” with professional curl-focused hair brand, DevaCurl. “The beauty personal care is a core segment for us,” said Rich Gersten, a partner at the firm, adding that Tengram finalized similar deals with Laura Geller and Nest about a year ago. “We are very proactive in our networking of brands across beauty and the Deva brand struck us as a unique asset.”
Founded by hair stylists in 2002, DevaCurl, which industry sources estimate is a $50 million business, includes four salon/education concepts in New York and Los Angeles called Devachan, as well as a prestige-positioned product line sold through retailers like Ulta and Sephora.
“I see things on the hanger and I’m, like, ‘I never knew that color worked on me.’ It’s things you necessarily wouldn’t choose to wear, but once you put them on, you see why Janie is who Janie is." — Lily Collins on working with former "Mad Men" costume designer, Janie Bryant on creating looks for her role as Celia Brady's in Amazon series, "The Last Tycoon." 📸@jilliansollazzo #wwdeye
EXCLUSIVE: Sarah Rutson has been tapped to Build New American Fashion Group. The parent of Joie, Equipment and Current/Elliott hired the merchant to rev up its brands and expand its portfolio into designer, beauty and lifestyle categories. Read more on WWD.com, link in bio. #wwdfashion
Michael Kors' $1.3B Jimmy Choo deal has the company squaring off with Coach Inc. as both seek to build American powerhouses. Coach bought Stuart Weitzman in 2015 and Kate Spade just two weeks ago, but Michael Kors' acquisition may be putting pressure on its rival in the new push for scale. #wwdnews (📷: George Chinsee)
Meet actress Lucy Boynton, who plays opposite Naomi Watts in the recently released Netflix series "Gypsy." Boynton stopped by WWD to talk about her upcoming projects and her nomadic lifestyle. Get all the details on WWD.com. #wwdeye (📷: @dandoperalski)