Deals
Makeup Brand Charlotte Tilbury Nears Sale for $1 Billion
- Deal for U.K. company may be announced as soon as this week
- Celebrity brand could be valued at more than $1 billion
Charlotte Tilbury brand lipsticks.
Photographer: Slaven Vlasic/Getty Images for NordstromCelebrity makeup brand Charlotte Tilbury is nearing a sale to Puig, the Spanish company behind Paco Rabanne perfumes, in a deal valuing the business at more than $1 billion, people familiar with the matter said.
An agreement to buy U.K.-based Tilbury could be announced as early as this week, said the people, who asked not to be identified because discussions are private. Puig, which also sells Jean Paul Gaultier and Nina Ricci fragrances, is in talks to team up with Byron Trott’s investment firm BDT Capital Partners on the purchase, the people said.