China-based natural beauty brand Lu Ming Tang landed minority investment from private family offices, according to WWD.
WHO: Launched in 2016, Lu Ming Tang was created by French executive Marie Amiand, who has extensive experience in beauty and particularly the Asian market. The brand is based on Chinese tea leaves and their healing and purifying qualities. The brand consists of a 40-unit range that is manufactured in Suzhou, China, and positioned as “affordable luxury” priced from $14 to $93. The brand is distributed in China, South Korea, and Singapore.
- Lu Ming Tang received a minority investment from the family offices of Susan Rockefeller, Kara Ross, Christophe Cervasel and Sylvie Ganter, and the Guibor fund.
- Terms of the transaction were not disclosed.
- Ohana & Co. advised Lu Ming Tang on the investment.
Photo: via Lu Ming Tang