Skip to content

Family Office for Chanel Billionaires Cashes In on Olaplex IPO

Video player cover image
Olaplex CEO on IPO, Competition, Supply Chain

The family office for one of the world’s biggest fortunes has pocketed a multimillion-dollar windfall from the initial public offering of hair-products maker Olaplex Holdings Inc.

Mousse Partners, the investment firm for the family behind Chanel, sold shares worth $95.2 million after Olaplex increased its offering and priced the stock Wednesday above a marketed range at $21 each, raising $1.6 billion, according to data compiled by Bloomberg. The New York-based firm still owns a stake in Olaplex worth about $800 million, based on the offering price. That will make it one of Mousse’s biggest public holdings when Olaplex begins trading Thursday in the U.S. 
A Mousse representative didn’t immediately respond to a request for comment.