The independent US cosmetics retailer hopes to take compmany to 'next level'
Cos Bar USA has signed an agreement to receive an undisclosed investment from private equity firm Tengram Capital Partners.
Cos Bar USA operates 14 retail stores across the US selling a variety of luxury and top-tier cosmetics products including skin care, colour, fragrance and male grooming skus. Among the brands on offer are: AmorePacific, Clé de Peau Beauté, La Prairie, Clinique, Creed and Acqua Di Parma, among many others.
Lily Garfield, Cos Bar USA Founder, said: "Cos Bar has an exceptionally loyal following of customers that return to our stores for the unique, personalised, and high-touch experience that differs from the traditional department store experience. The strength of the Cos Bar brand and our exclusive focus on luxury, coupled with Tengram’s deep expertise in retail and beauty, will help the company reach the next level."
Richard Gersten, a Partner at Tengram, added: "We are thrilled to add Cos Bar to Tengram's strong and growing portfolio of exciting beauty brands. We evaluate numerous opportunities in the beauty and retail sectors and found Cos Bar to be particularly compelling, given its strong and recognisable brand, high degree of customer loyalty and distinctive positioning. The company has strong growth prospects as luxury beauty consumers are increasingly seeking a more personalised shopping experience outside of traditional department stores."