Verescence Achieves Major Growth After Sale by Stirling Square to Movendo and Draycott

Under the Ownership of Stirling Square, Sale of Verescence Resulted in Huge Financial Growth

On 27 May 2025, Stirling Square Capital Partners completed the sale of a luxury glass packaging company named Verescence to Movendo Capital and Draycott. Verescence was founded in 1896 who is a luxury beauty brand selling Hermès, LVMH, and L’Oréal. It has employed 2,500 people in total on three continents. It has an annual production volume of 600 million bottles; the company has manufacturing units in South Korea, France, Spain, and North America.

Thomas Riou, Verescence CEO, expressed, “Stirling Square has been a phenomenal partner, providing investment and expertise that enabled our global expansion, strategic shift to expand our skincare offering to meet the growing needs of our customers. They have also encouraged us to embed innovation across our industrial processes and accelerate our digital transformation, which has resulted in us adopting a more data-driven approach across the organisation.” Verescence is leading in premium glass bottle packaging. Automation has raised the sustainability profile of the company, allowing the manufacture of bottles from 100% recycled glass and attaining high ecological, social, and governance scores. Under the ownership of Stirling Square, Verescence has observed substantial financial development, with returns growing by 40% to € 421 million and earnings before depreciation, interest, taxes, and amortisation tripling to € 80 million.

The leadership position of Verescence in the industry bring into line with the investment standards across numerous crucial dimensions. By a combination of expertise in management with Movendo and Draycott, the aim is to drive sustainable development and raise the value for all investors. Verescence is a well-known company in the perfume and cosmetics sector. Verescence has acquired a huge stake in Pacifiglas, which is a famous South Korean luxury glass packaging company. The major investors in this company are Draycott and Movendo Capital, which are commonly investment holding companies and originate from Portugal and the Netherlands, respectively. This acquisition represents a robust hold on the market and a commitment to developing sustainable packaging production.