Patricks Lands Investment From Shiseido's Venture Arm
Summary
Patricks is stocked at Harrods, Selfridges, Bergdorf Goodman, Nordstrom, Saks, and Harrolds.Shiseido LIFT Ventures is a newly formed vehicle for investing in innovative early-stage companies within the beauty wellness space. The fund will primarily focus on compelling innovation in the Western Hemisphere, while maintaining a global lens.IN THEIR OWN WORDS: "This is a smaller investment for Shiseido; they usually buy businesses outright," Kidd told the . "Shiseido Americas President Ron Gee said the investment from LIFT Ventures would accelerate the companys focus on innovation. "We are excited to share our unique perspective, exercise our extensive experience, forging strategic partnerships and helping like-minded entrepreneurs scale and achieve long-term growth," Gee said. "With this in mind, we are delighted to partner with Phyla and Patricks, two companies focused on driving innovation and disrupting their respective categories.