Jill Granoff’s Growing Investment Empire

Jill Granoff is finding her footing in the ultracompetitive world of private equity investing — and is ready to start writing some bigger checks. Less than two years after being tapped to build Eurazeo Brands as chief executive officer, the beauty and apparel veteran has made investments in Nest, Pat McGrath Labs and, last month, Bandier, with a $25 million minority stake. All together, that means Granoff has put to work about 20 percent of the $800 million kitty provided by parent Eurazeo, the Paris-based private equity company that recently exited a very successful investment in Moncler. Granoff, who held senior roles at Estée Lauder, Victoria’s Secret, Liz Claiborne Inc. and took Vince Holding Corp. public as chief executive officer, is on the hunt for brands across six sectors: beauty, fashion, home, wellness, leisure and food. Beauty is the most developed category in the portfolio so far — which makes sense given that’s where Granoff has the deepest experience. Nest ticks off the box for the fragrance category while Pat McGrath covers color cosmetics, but the ceo said Eurazeo Brands could do a deal in skin care and also hair care. And while Bandier is an activewear play, she said there’s room for an outerwear

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