L Catterton invests in Mao Geping expansion
Chinese high-end cosmetics group Mao Geping Cosmetics has entered a strategic partnership with global consumer investment firm L Catterton, the company announced on January 7. L Catterton will leverage its global investment portfolio and strategic partner network to empower Mao Geping’s brands in expanding their presence within overseas high-end retail channels. A key initiative is the planned joint establishment of an equity investment fund focused exclusively on the global high-end beauty market. The alliance builds upon an existing connection: L Catterton had previously invested in InterCos, which is Mao Geping’s largest supply chain partner. Mao Geping’s flagship brand entered Sephora, an LVMH-owned retailer, in 2020.