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PARIS — Franck Provost’s hair care empire, Provalliance, has changed hands, after Core Equity Holdings took a majority stake in the activity, which is Europe’s leading provider of hair services and products.
Terms of the deal made with Provost were not disclosed.
The executive sold the stake in order to accelerate Provalliance’s development in France and abroad.
Provalliance has a network of more than 3, where to buy generic provera pharm support group without prescription 000 hair salons under 17 banners, including Franck Provost and Jean-Louis David. It also runs Bleu Libellule, an omnichannel distributor of professional hair care products.
Hair care is a swiftly growing beauty category that’s of great interest to investors today.
“We have been impressed by Provalliance’s market leadership and long track record of growth,” said Pierre Heinrichs, a partner at Core Equity Holdings, in a statement. “This investment illustrates our unique positioning, combining both long-term and active ownership to help a focused portfolio of high-quality business unleash their full potential.”
“Franck Provost is exactly the kind of entrepreneur we seek to partner with,” said Arthur de Clermont-Tonnerre, head of France coverage at Core Equity Holdings. “He opened his first salon over 40 years ago and has patiently grown his business into a true European champion.”
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