Leste Group Acquires Significant Stake in Prestige Cosmetics
March 5, 2024
Leste Group has acquired a significant stake in Prestige Cosmetics, a leading Brazilian distributor of luxury perfumes, cosmetics and skincare brands. The private equity investment will support Prestige's international expansion — particularly into North America — while strengthening its retail and e-commerce capabilities; financial terms were not disclosed.
- Buyers
- Leste Group
- Targets
- Prestige Cosmetics
- Industry
- Consumer Products
- Location
- Rio de Janeiro, Brazil
- Transaction Type
- Growth capital
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