Swedish oat milk pioneer Oatly has reportedly sold a $200 million stake to a group of investors led by Blackstone Group Inc which includes Oprah Winfrey, Natalie Portman, former Starbucks chief Howard Schultz and Jay-Z. Oatly’s value now stands at roughly $2 billion according to the Dow Jones.
Blackstone Acquires Majority Stake in Prestige Suncare Brand Supergoop
Investment firm Blackstone has revealed it is to acquire a majority stake in Texan suncare brand Supergoop. It is believed that Blackstone will value the company at between $600 and $700 million. The investment will allow Supergoop to expand further, launching new product lines aimed at children and athletes while also breaking into new markets. Supergoop describes itself as “the only prestige skincare brand 100% dedicated to suncare”. The company’s skincare and cosmetic products, which include moisturiser, body butter, and eyeshadow, all offer UV protection. None of Supergoop’s products are tested on animals, and the vast majority are vegan-friendly — with the sole exception of the brand’s lip balm, which contains beeswax. Green investments by Blackstone Last year, Blackstone sparked controversy when it invested in …