NEW YORK — Cradle Holdings, the beauty start-up that purchased skin care brand Erno Laszlo and English toiletries brand Penhaligon’s earlier this year, is showing no signs of losing its appetite for acquisitions.

"We have a short list of 12 other properties we’d like to acquire," Cradle chief executive Robert Nielsen said during a recent interview at the firm’s offices on Madison Avenue here. "We’re in the process of due diligence on our third."

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