L Catterton Invests in Kopari Beauty

FRANCE: Coconut oil-based beauty brand Kopari Beauty has received capital investment from LCatterton. Terms of the transaction were not disclosed.


L Catterton was formed in 2016 through the partnership of Catterton, LVMH and Groupe Arnault. It is said to be the largest consumer-focused private equity firm in the world.


“This significant investment from L Catterton demonstrates the strong positioning and high performance of our brand,” said Kopari CEO Bryce Goldman. “The investment will allow Kopari to continue our rapid growth and expansion, providing people worldwide with the benefits of coconut oil and cutting edge, multipurpose formulations that deliver effective results in the safest and most natural way possible. We will be able to accelerate our development of conscious skin care products that are as safe for our skin as they are for the planet. With L Catterton’s support, Kopari will have the resources, industry knowledge and global expertise that we need to take our brand to the next level.”


In addition, Hollywood stars have joined this investment round, including Karlie Kloss, Shay Mitchell, Hilary Duff, Mila Kunis and Ashton Kutcher. According to the company, the capital raised both from L Catterton and its celebrity investors will help propel Kopari’s continued growth throughout the US and expansion into international markets, as well as drive Kopari’s continued R&D and product innovation.


This growth capital will also be used to advance investments in marketing and inventory in an effort to support the retail partnership with Sephora, having recently launched on the beauty retailer’s website in October 2016, and expanding to brick-and-mortar locations nationwide, according to the firm.


Launched in late 2015 as a direct-to-consumer brand by founders Bryce and Gigi Goldman, Kiana Cabell and James Brennan, the San Diego-based company has experienced exceptional growth by harnessing digital and social platforms to garner brand awareness and build a network of loyal customers and fans.


In just one year, Kopari has left a sizable footprint on the digital landscape and has taken its business into traditional commerce channels, including QVC and a national partnership with Sephora. The brand says it has plans to expand its product lineup with its first skin care line.