Famille C Participations Invests €130 Million in Luxury Hotelier

Famille C Participations, the funding firm owned by the Courtin household, introduced on Tuesday that it has made a €130 million ($141 million) funding to amass a strategic stake in luxurious resort model Evok Assortment.

Along with the household’s possession of Clarins, Famille C has invested in Pai Skincare, Ilia Magnificence, Ceremonia and Joone, in addition to tech corporations resembling Launchmetrics.

“We’re very enthusiastic about this new dedication, which furthers our work in magnificence and effectively being and embodies our ambition for the French artwork of dwelling,” mentioned Prisca Courtin, managing director of Famille C Participations, in a press release.

Famille C is concentrated on investing in resort corporations that “create distinctive experiences centered on well-being.”

The funding features a partnership with Evok Assortment to open Clarins Spa places in its lodges. Different lodges with Clarins Spa places embody Lodge Mont-Blanc Chamonix and Miraval Resort & Spa in Arizona.

Based in 2014, Evok Assortment is a resort firm beneath Zaka Investissement, the true property firm owned by businessman Pierre Bastid. The corporate owns and operates six addresses in Paris and Venice, with two extra lodges deliberate in Madrid and Rome. The purpose from the brand new funding is to achieve 15 lodges inside 5 years.

Be taught extra:

Courtin-Clarins Family to Acquire Clean Makeup Brand Ilia

Ilia founder Sasha Plasvic and chief govt Lynda Berkowitz will proceed to steer the enterprise and retain a minority share.