L Catterton, the prominent investment fund co-founded by the LVMH group and the Arnault family, is making bold moves in the beauty sector, particularly in skincare and hair care. Over the past few months, the fund has unveiled two significant investments in the beauty industry, reaffirming its strong presence.
In its most recent announcement on September 17, L Catterton disclosed a minority investment in Eighth Day, a premium brand created by dermatologist Antony Nakhla, renowned for his groundbreaking regenerating serum. Introduced in 2021 exclusively at the esteemed American retailer Violet Gray, Eighth Day has since expanded its product range to include moisturizers, cleansers, and toners. The brand’s distribution has also grown, with availability at prominent retailers such as Bergdorf Goodman, Neiman Marcus, and its recent debut on Net-à-Porter. With L Catterton as a new strategic partner, Eighth Day is gearing up for global expansion, an accelerated product development process, and team reinforcement.
In a separate strategic move earlier in September, the fund revealed a minority investment in Maria Nila, a sustainable hair care brand hailing from Sweden. Established in 1999 by Ann and Ulf Wikström, Maria Nila is celebrated for its extensive range of cruelty-free and vegan-certified hair care products. The brand is capitalizing on the surging demand for hair care products and is committed to strengthening its distribution network. Marcus Wikström, the son of the founders, will continue to lead the company.
L Catterton has a substantial footprint in the beauty industry, with ownership or past investments in renowned brands such as Merit, The Honest Company, and Elemis.