Safilo Acquires Controlling Interest In Privé Revaux
February 10, 2020
Safilo Group announces the acquisition of a 61.34% equity interest in the Miami-based company Prive Goods, LLC (“Privé Revaux” or the “Company”) through a simultaneous signing and closing.
David Schottenstein (the Company’s founding entrepreneur and Chief Executive Officer) retains ownership of approximately 15.5% of the equity, while the remainder is held by celebrities Jamie Foxx, Hailee Steinfeld, and Ashley Benson, senior management of the Company, and certain other investors. Private equity fund TSG Consumer Partners and its affiliates sold their entire stake in Privé Revaux to Safilo Group and other equity holders of the Company.