After accelerating the trajectory of the Byredo label, sold to Puig in 2022, investment fund Manzanita Capital has just acquired a majority stake in New York niche fragrance brand Brooklyn D.S. & Durga.
The dynamic niche perfume sector continues to attract interest.
UK-based private equity firm Manzanita Capital has just acquired a majority stake in American fragrance brand Brooklyn D.S. & Durga, founded in 2007 in New York by David Seth Moltz and Kavi Moltz. The financial terms of the agreement were not disclosed.
While its historical investor, Monogram Capital, will remain a minority shareholder, the founding duo will retain a crucial role at the helm of the company. Kavi Koltz said she hoped she and her husband could “do more of what” they are “good at”. Namely, overseeing the packaging and image for her, and creating the juices for her husband.
High added-value fragrances
So far, both have been successful in steering their boats in the wake of high value-added fragrances.
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Featured Photo: © D.S & Durga
