By Karen Roman
65 Equity Partners said it completed a minority investment in lifestyle and accessories brand Kendra Scott Design.
The partnership will contribute to the brand’s cultural collaborations and global expansion into new categories, it said in a statement.
Kendra Scott, the company’s founder, will remain as the owner of its majority stake and is expected to purchase a larger equity position than her current holding, it said.
“I have never been more excited about our business, and 65 Equity Partners will allow our brand to grow while staying true to our mission,” said Kendra Scott, the company’s founder and Executive Chairwoman. “The international investment firm’s focus on supporting entrepreneurs in their growth journey complements our efforts as we build a globally recognized lifestyle brand.”
Contact:
Editor@executives-edge.com
