Family office for Chanel billionaires cashes in on Olaplex IPO

The family office for one of the world’s biggest fortunes has pocketed a multimillion-dollar windfall from the initial public offering of hair-products maker Olaplex.

Mousse Partners, the investment firm for the family behind Chanel, sold shares worth $95.2 million after Olaplex increased its offering and priced the stock Wednesday above a marketed range at $21 each, raising $1.6 billion, according to data compiled by Bloomberg.

The New York–based firm still owns a stake in Olaplex worth about $800 million, based on the offering price. That will make it one of Mousse’s biggest public holdings when Olaplex begins trading Thursday in the United States. 
 
A Mousse representative did not immediately respond to

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