Manzanita Capital Acquires D.S & Durga

Initially based by David and Kavi Moltz in 2009, D.S & Durga has a cult following, leaning closely on its origins in Brooklyn, NY. With subversive, playful branding – some top-selling fragrances are named Debaser, I Don’t Know What and Grapefruit Technology – the model rode the wave of the area of interest perfumery increase to world success.

Manzanita, the household workplace of the Fisher household, beforehand invested in Byredo, which it offered to Puig in 2022 for a rumoured $1 billion, and in addition owns the perfume model Diptyque. Status perfume is a buoyant class – gross sales elevated 12 p.c in 2023, in line with market analysis agency Circana.

The Moltzes will stay of their current management roles, and preliminary buyers Monogram Capital are nonetheless shareholders. Funds raised will likely be used to broaden D.S & Durga’s retail footprint, hiring new expertise and for worldwide enlargement.

In a press release, David Moltz described Manzanita as “fairly good at retail and stuff,” including that the partnership will likely be “depraved good”.

Editor’s Be aware: This story was up to date on Jan. 31. 2023, to appropriate D.S & Durga’s 12 months of founding.

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