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Castanea Takes Stake in FAB

Calls First Aid Beauty a 'differentiated brand' in prestige sector.

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By: Christine Esposito

Editor-in-Chief

Castanea Partners has acquired a minority interest in First Aid Beauty, also known as FAB.   Terms of the transaction were not disclosed.   Founded in 2009 by beauty industry veteran Lilli Gordon, FAB is distributed through Sephora, as well as other domestic and select international beauty retail and ecommerce retailers such as Dermstore.com   Steve Berg, managing partner at Castanea, and Janet Gurwitch, operating partner at Castanea and former founder and CEO of Laura Mercier, will be joining C...

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