One of my favorite perfumes is Calypso Mimosa. Yummy. I digress. According to WWD, Calypso Christiane Celle has sold a majority interest to Solera Capital LLC, a private equity investment firm.
Terms were not disclosed. The multibrand retailer would like to reach the next level. Even though they have grown rapidly in the 15 years since Christiane Celle opened the first Calypso store in St. Barth’s (now operating 30 units, including 13 in Manhattan and four in Paris), the the company never developed the infrastructure, systems and management team to properly support its expansion.
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Solera chief executive officer Molly F. Ashby said she foresees doubling the chain’s size in the next five years through domestic and international expansion, "with room to go beyond that."
Read the full story at WWD