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Tengram Takes Stake in Nest Fragrances

Once the deal is closed, the candle and home fragrance specialist will continue to be led by founder and ceo Laura Slatkin.

NESTING INSTINCT: Tengram Capital Partners, which has investments in Robert Graham and the firm that licenses out the William Rast and People’s Liberation brands, has reached an agreement to take a “significant stake” in Nest Fragrances, WWD has learned.

The candle and home fragrance specialist is in the process of transforming into a “luxury fragrance and lifestyle brand” and once the deal is closed later this month will continue to be led by founder and chief executive officer Laura Slatkin. Nest is expected to generate $60 million in wholesale sales in the coming year.