Chanel has sold its majority stake in the CDMO to Motion Equity Partners, while the founding CEO and management team retain a minority share.
Jennifer Weil is the European Beauty Editor at WWD, where she has spent over 25 years reporting on the dynamic shifts within the beauty industry. Her coverage spans corporate, financial, and retail news, along with emerging trends and in-depth profiles of major players such as L’Oréal and LVMH, as well as up-and-coming brands. Jennifer's insights have been featured in outlets including Yahoo News, Los Angeles Times, and Sourcing Journal.