THE WHAT? Manzanita Capital acquired a majority stake in Brooklyn-based fragrance brand D.S. & Durga. The terms of the deal were not disclosed.
THE DETAILS The brand’s cofounders, David Seth Moltz and Kavi Moltz, will continue to lead the brand creatively, with Monogram Capital remaining a minority stakeholder.
THE WHY? The acquisition aims to support D.S. & Durga’s international expansion and operational growth, leveraging Manzanita Capital’s resources and network in the beauty industry. D.S. & Durga is known for its fine fragrances and has experimented with other product formats like candles and car fresheners.