Weekly Roundup of Private Equity Headlines
In an exciting development, renowned chef Gordon Ramsay is merging his UK and US restaurant businesses to form a single global entity named Gordon Ramsay Restaurants. This restructuring will consolidate all of Ramsay's restaurant operations under one roof. Each of Ramsay and Lion Capital, the private equity firm providing fresh backing, will hold a 50% stake in the new venture.
The merger aims to drive international expansion for Gordon Ramsay Restaurants, with Lion Capital's support. The details of the supporting private equity firm are not yet disclosed.
Meanwhile, in the world of beauty, Huda Beauty is making waves with a significant move. The company is selling its fragrance brand, KAYALI, to co-founder Mona Kattan and private equity firm General Atlantic. KAYALI, celebrated for its bold scent layering philosophy, is a powerhouse in luxury fragrance. Mona Kattan founded KAYALI under the Huda Beauty umbrella in 2018.
This sale enables Huda Beauty to regain full founder ownership, marking a rare milestone in the beauty industry. The sale of KAYALI by Huda Beauty is not connected to the restructuring of Gordon Ramsay's restaurant businesses.
Elsewhere, Unilever, the multinational consumer goods company, is streamlining its focus. The company plans to spin off its ice cream business and launch an Initial Public Offering (IPO) in Amsterdam by 2025. Last year, the ice cream division generated €8.3bn in sales and held a 20% global market share.
Unilever's decision to spin off its ice cream business could value the division at up to £15bn. The move is part of Unilever's strategy to focus on higher-growth segments such as beauty and health.
As for Gordon Ramsay Restaurants, the newly unified company will have its own executive management team and board of directors based in London. The merger is aimed at expanding the global reach of Ramsay's restaurants. With Lion Capital's backing, the future looks promising for Gordon Ramsay Restaurants.
Read also:
- Catastrophe at a U.S. Steel facility in Pennsylvania results in the loss of two lives. crucial details unveiled
- Manipulating Sympathy: Exploiting Victimhood for Personal Gain
- Auto Industry Updates: Geotab, C2A, Deloitte, NOVOSENSE, Soracom, and Panasonic in Focus
- Exploring Money-Making Opportunities in Digital Gaming Worlds
