French Perfume Brand Juliette Has a Gun Gets New Investment
- Chaileedo Press
- May 9, 2023
- 2 min read
Cathay Capital announced the completion of capital injection into the top French salon perfume brand, Juliette Has A Gun, in conjunction with new investors Weinberg Capital Partners and existing investor USHOPAL.
Cathay Capital, a global investment firm, announced the completion of capital injection into the top French salon perfume brand, Juliette Has A Gun, in conjunction with new investors Weinberg Capital Partners and existing investor USHOPAL. This is the second time Cathay Capital invest in the French perfume. In 2021, Cathay Capital took minority stake in Juliette Has A Gun with terms of the deal were not disclosed.
Cathay Capital said this deal aims to continue to support Juliette Has A Gun in consolidating its influence in major regions such as China, the United States, and the Middle East, as well as further expanding into the perfume markets of Latin America and Southeast Asia.
Over the past four years, Juliette Has a Gun has achieved significant growth, with an average annual increase of 40%, and a tripling of turnover in the past two years, resulting in €120m in retail sales value in 2022. The company has been able to expand globally through the investment and operational support of Cathay Capital, as well as its partnerships with Sephora in the USA and USHOPAL (a portfolio company of Cathay Capital) in China.
Juliette Has a Gun is a rapidly expanding niche fragrance brand, founded in 2006 by Romano Ricci, the great grandson of Nina Ricci. The brand is currently distributed in more than 50 countries worldwide, through a network of over 2,500 carefully selected and exclusive retail outlets.
Romano Ricci, Founder of Juliette has a gun said “Juliette has a gun gained significant audience over the last years, especially among young women who are now looking for more originality and a real quality experience to mark their singularity. Juliette has a gun’s clients identify themselves to our elegant, modern & feminist essence. We would like to thank the Cathay team for their continued support and trust and are delighted to pursue our collaboration, and warmly welcome Weinberg Capital Partners. We are convinced that their combined expertise will take the brand to the next stage.”
Ohana & Co. is the financial advisor for Juliette Has a Gun and law firm Bredin Prat acts as the legal advisor for Juliette Has a Gun in this deal.
Source: Cathay Capital
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