Yesterday, according to WWD, Thirteen Lune, the inclusive beauty retail platform founded by Nyakio Grieco and Patrick Herning in 2020, is now under new ownership. The company has been acquired by SNR Capital, which channels brands into the PCA Companies.
As part of the integration, Thirteen Lune has undergone a significant restructuring. Nyakio Grieco has assumed the role of Chief Executive Officer, while Patrick Herning has exited the business. SNR Capital’s principals, Conor Riley and Piyush Golia, are at the helm of the acquisition. Golia, who is also the CEO of PCA Companies, had earlier acquired the U.S. wholesale division of Space NK.
In a statement, Grieco noted the challenges Thirteen Lune faced in keeping up with market demands, despite the company’s rapid growth in its first four years. “After a difficult year for many companies, it became clear we needed to restructure Thirteen Lune so that we could set it on the path for success,” she said. “This acquisition helps us continue our mission of amplifying diverse founders and building a global business strategy, working with my new partners.”
Thirteen Lune, which currently operates a flagship store in Los Angeles, has also expanded with its own line of makeup, skincare, and fragrance called Relevant: Your Skin Seen, and a network of hundreds of shops-in-shop with JCPenney nationwide. While Thirteen Lune and the U.S. wholesale division of Space NK share similar-sized wholesale footprints, Space NK’s U.S. division boasts partnerships with major retailers like Bloomingdale’s, Nordstrom, and Walmart.
Piyush Golia expressed enthusiasm about Thirteen Lune’s potential for growth, saying, “After the PCA Group’s acquisition of Space NK operations in the United States as well as its own shops-in-shop, we are uniquely positioned to grow this unique retailer model and help Thirteen Lune expand.” Grieco added, “Expansion into the global market is a priority, as well as domestically. And the same goes for Relevant, which will announce domestic retail partnerships in 2025.”
Thirteen Lune carries a curated selection of beauty brands, including Pattern Beauty, Ami Colé, RMS Beauty, and Golf le Fleur. SNR Capital’s current portfolio also includes Nailtopia, Arches & Halos, and Luxie Beauty. Riley shared that SNR is actively pursuing additional transactions and is looking to close several deals in the coming months.
