Chinese Beauty Firm Mao Geping Teams Up With L Catterton to Take Brands Global
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Mao Geping Cosmetics has partnered with US investment firm L Catterton to enhance its global presence in high-end markets. This strategic cooperation will utilize L Catterton's global network to support Mao Geping's brand growth and establish an equity investment fund for the luxury beauty sector. Additionally, Mao Geping's shareholders plan to sell up to 17.2 million shares for personal financial needs, with proceeds aimed at beauty industry investments. Following the announcement, the company's share price initially surged by 5.1% before closing down 1.4%.
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