CRP Invests in The Art of Shaving | Capital Resource Partners
Summary
Capital Resource Partners V has recently completed a $15.0 million investment in The Art of Shaving, the pioneer and recognized category leader of the premium shaving market.Founded in 1996, The Art of Shaving has created an industry leading shaving and grooming brand that markets premium, all-natural shaving products, informed skincare consultation and optimally designed shaving instruments. The Company has also developed a multi-channel distribution strategy, in which its products are currently sold through 21 company-owned stores located in top-tier malls across the United States, through approximately 900 wholesale doors across the globe including all Neiman-Marcus, Nordstrom and Barneys stores and online at www.theartofshaving.com.The combined subordinated debt and equity investment represents The Art of Shavings first round of institutional financing and will provide the Company with the necessary capital to fund its new store development plan.
Funding
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