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Thirteen Lune Acquired by SNR Capital

Published December 24, 2024
Published December 24, 2024
Thirteen Lune

Following the PCA Group’s acquisition of SpaceNK's operations in the United States, the group acquired Thirteen Lune, founded by Nyakio Grieco and Patrick Herning in 2020.WHO: Thirteen Lune is a retail destination designed to inspire the discovery of beauty brands, and to be a vehicle for change and a platform for authentic allyship where the voices of Black and Brown beauty founders are heard and celebrated. Thirteen Lune is a result of a partnership between Nyakio Grieco, founder of Nyakio Beauty, which is based on her family's African culture and traditions, and Patrick Herning, founder and CEO of size-inclusive e-commerce platform 11 Honoré. Thirteen Lune has a flagship in Los Angeles, and its brand Relevant: Your Skin Seen has been integrated into hundreds of shop-in-shops with JCPenney nationally.The principals of SNR Capital, which funnels businesses into PCA Companies' 30-year-old family-run business, are Conor Riley and PCA Companies' CEO Piyush Golia. PCA is a vertically integrated, tech-enabled, omnichannel global distribution platform for beauty and wellness brands. Its portfolio of brands includes Fornasetti, Balmain, Thomas Kosmala, JVN, and Pipette. Its revenue is reportedly $850 million supported by a 1,500-person team and omnichannel distribution to 150+ countries.IN THEIR OWN WORDS: “After a difficult year for many companies, it became clear we needed to restructure Thirteen Lune so that we could set it on the path for success,” Grieco said. “As a fast-growing company that had a meteoric rise over the first four years, it became difficult to keep up with the demands of the market.

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