Vaultier7 (V7) is a new investment fund focusing on start-up companies in the cosmetics, wellness and lifestyle sectors. The London-based fund is backed by a number of investors, amongst them the Puig family.
Amouage, one of the Gulf’s oldest perfume brands, is regularly approached by big groups seeking to tap the fast-growing niche perfume brand market and is itself scouting for potential targets, its chief executive said.
Puig, Spain’s largest luxury multi-brand group, has radically overhauled its fashion division and named José Manuel Albesa to oversee its four fashion houses, as it announces a slew of new appointments.
To celebrate its 10th anniversary, Swiss high-end perfume brand Memo this month revealed plans for a brand new scent, 3 new store openings, plus a Parisian luncheon on Tuesday to unveil its new scent, Eau de Memo Paris.