Follow us twitter facebook
Edition: Global
Click here to subscribe toour free weekly newsletter click here
Industry buzz

Stirling Square Capital Partners takes control of Verescence

Stirling Square Capital Partners is the new owner of Verescence. The pan-European private equity firm entered into exclusive negotiations with Oaktree Capital Management last December, in order to acquire the French glassmaker, the global leader in glass packaging for the perfumery and cosmetics industries.

The arrival of Stirling Square Capital Partners as new shareholder of our group, will enable us to accelerate our international expansion and our new strategic plan Verescence 2022 - Forming the future. A project which includes a massive investment plan of 122 million euros,” said Thomas Riou, President of Verescence, in a statement.

The 120 years old glassmaker is a key supplier of leading beauty brands. Verescence produces 500 million bottles per year in its three glass production sites and its four decoration sites in Europe and North America. In 2018, the company employed 2,300 people worldwide and achieved sales revenue of 305 million euros.

Verescence is the genuine best-in-class player in its field, acting as a critical supplier to the world’s most prestigious brands. It is a true innovator in its category, expanding the design and technical boundaries of what can be achieved. We are delighted to partner with CEO Thomas Riou and his highly accomplished team to continue the Company’s journey towards operational excellence,” said Julien Horreard, Partner at Stirling Square Capital Partners.

© 2019 - Premium Beauty News - www.premiumbeautynews.com
latest news
Focus

MakeUp in Seoul unveils its programme of conferences

One month left for MakeUp in Seoul! The B2B show dedicated to the makeup supply chain will take place at the Conrad Seoul Hotel, the 15 & 16 April. MONDAY APRIL 15TH, 2019 10:15 am - 11:00 am: “The future of Beauty 2020” Keynote by Charlie Clark, Trend Specialist, WGSN Mindset 11:30am - 12:15 pm: Trends: “Color Wave by (...)

read more
job opportunities
Experts’ views
Reducing environmental footprint of Beauty packaging - 2nd Part: The Challenges

Gerald Martines
Reducing environmental footprint of Beauty packaging - 2nd Part: The Challenges

Beauty actors are engaged in a wide array of initiatives aiming at reducing the environmental impact of packaging, but the route of packs re-use - although seemingly quite promising - seems underexploited. After a first part listing the main stakes of reducing the environmental footprint of packaging, the second part of this article (...)

read more

Features

We use cookies to give you a better browsing experience. By continuing your visit to this site, you accept the use of cookies. Read more and set cookies
close