Texan private equity firm Gauge Capital has snapped up a majority stake in Australian beauty brand Coco & Eve for more than $100 million.
The company, marketed as vegan and cruelty-free, was founded in 2018 and owned by Emily Hamilton and her husband, Alexander Ostrowski, who now live in Singapore. Coco & Eve sells a range of hair, self-tan and body care products, featuring names like Sunny Honey Bali Bronzing Foam.
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Carrie LaFrenz is a senior journalist covering retail/consumer goods. She previously covered healthcare/biotech. Carrie has won multiple awards for her journalism including financial journalist of the year from The National Press Club. Connect with Carrie on Twitter. Email Carrie at carrie.lafrenz@afr.com
