Manzanita Capital, the family office that owns Diptyque and Malin+Goetz, acquired a majority stake in Brooklyn-based niche fragrance brand D.S. & Durga. Monogram Capital Partners invested in the brand in 2018, and helped build out its team, four retail stores, e-commerce footprint, and global distribution. Together, they have brought on Manzanita to further accelerate growth.
WHO: Brooklyn-based niche fragrance brand D.S. & Durga, founded in 2008 by husband-and-wife duo David and Kavi Moltz, marries just the right level of creativity with wearability, creating a series of commercial blockbuster fragrances.
Manzanita Capital, the family office of the Fisher family, is a specialist investor focused on developing luxury and premium beauty companies into enduring global brands. Unconstrained by strict investment horizons, its long-term perspective is backed by patient family capital. The firm's current portfolio includes Diptyque, Space NK, Malin+Goetz, and Susanne Kaufmann. They also have investments in Glossier, Unbound, Haircare by Sam McKnight, A-Frame, and SuperOrdinary.
WHY: D.S. & Durga will use the capital and experience with building like-minded brands to expand its retail footprint with additional brick-and-mortar DSD locations, further its international reach, hire top talent, and continue to innovate and grow its product offerings, among other initiatives.
IN THEIR OWN WORDS: Says David Seth Moltz, "Kavi and I and our OG partner Monogram Capital are excited to join forces with Manzanita. We're hoping that their expertise and our fire will create a volcanic explosion of aroma from East to West to Mars and beyond."
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