Stirling Square Capital Partners has successfully sold Verescence, a luxury glass packaging company, to Movendo Capital and Draycott, aiming to leverage its market leadership and sustainability initiatives for future growth.

Information on the Target

Verescence is a distinguished luxury glass packaging company that caters to high-end beauty brands such as Hermès, LVMH, and L’Oréal. Founded in 1896, it has developed a robust reputation in the luxury sector, bolstered by its global presence and commitment to excellence. The company operates on three continents and employs approximately 2,500 staff members, enabling it to maintain an impressive annual production capacity of 600 million bottles through its manufacturing facilities located in France, Spain, North America, and South Korea.

Industry Overview in the Target’s Specific Country

The luxury packaging industry in France, home to numerous prestigious brands, remains a vital component of the global luxury goods market. France is renowned for its high standards of craftsmanship and innovation in packaging design, making it a pivotal player in meeting the demands of premium beauty and cosmetics brands. The luxury packaging market is characterized by its focus on sustainability and high-quality materials, with increasing consumer awareness driving demand for eco-friendly solutions.

In recent years, the shift towards sustainable practices has gained momentum, as brands are challenged to align with consumers' expectations for responsible production methods. This has resu