investment

Tengram Capital Partners Invests in Cos Bar

Luxury specialty cosmetics retailer Cos Bar has announced that it has signed a definitive agreement to receive an undisclosed investment from private-equity firm Tengram Capital Partners.

Cos Bar, founded by Lily Garfield in 1976, has 14 stores. Its product assortment includes skin care, color cosmetics, fragrance, bath and body, hair care, men’s, and tools & accessories.

Cos Bar’s partnership with Tengram includes numerous objectives, including to fund store expansion into new and existing markets.

[Image: Cos Bar]

HCP & Co. Sells NYX Investment to L'Oréal

NYX Cosmetics

Private-equity firm HCP & Co. has signed an agreement to sell its investment in NYX Cosmetics to L'Oréal, as part of the sale of the company.

"HCP has been an amazing partner to work with in growing the business. They have added tremendous value, and I would recommend this team to any entrepreneur or business owner," said Toni Ko, NYX's founder and chairwoman.