Date Posted: Monday 11th November 2019
Maria Hatzistefanis, CEO of Rodial and NIP+FAB, is looking to sell a majority stake in skincare brand NIP+FAB.
The company has hired Baylor Klein to help navigate securing the right partner and completing the transaction. For Hatzistefanis, the decision to look for a partner came as a result of seeing the brand’s steady growth trajectory and realizing that to achieve its full potential, a bigger injection of capital and a new management structure was essential.
A deal is yet to be confirmed and the company is open to different backers, from strategic investors to venture capital, as long as they share a similar vision for the future NIP+FAB, which involves growth through international expansion and its own digital channels.
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