Holland & Knight Advises Fashion and Beauty Company Puig on Investment in Loto del Sur
MIAMI (March 27, 2019) – Holland & Knight advised Barcelona-based fashion and beauty group Puig SL in its acquisition of a minority stake in Colombian premium beauty company Loto del Sur. The deal closed on February 14.
Puig is a third-generation family-owned fashion and fragrance business that markets its products in more than 150 countries. Its portfolio of brands includes a combination of owned brands such as Carolina Herrera, Nina Ricci, Paco Robanne, Jean Paul Gaultier Penhaligon’s and L’Artisan Parfumeur; licenses such as Prada, Christian Louboutin and Comme des Garçons; and Lifestyle fragrances.
A leading brand in the Colombian market, Loto del Sur sells personal care products, cosmetics and fragrances made from locally-sourced ingredients. The company was founded in 1999 by Johana Sanint, who was the sole shareholder. Loto del Sur currently sells its products through an online store and at eight standalone stores in Colombia. It plans to open four additional stores this year.
Holland & Knight acted as legal advisors to Puig with a team led by Partner Danilo Romero Raad and Associate Lucas Saffon-Lopez.