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How the Secretive Family Behind Chanel Is Reshaping a Big Investment Bet

  • Mousse Partners unloaded $480 million of Ulta Beauty shares
  • Investment firm manages wealth of Chanel’s Wertheimer family
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Mousse Partners, the family office for one of the world’s largest fortunes, is reshaping one of its biggest bets.

The investment firm for the family behind luxury brand Chanel has sold most of its stake in Ulta Beauty Inc., an investment held for at least 14 years that’s returned more than 1,700%.