Manzanita Capital Acquires D.S. & Durga
Manzanita Capital has acquired a stake in D.S. & Durga, the cult Brooklyn-based fragrance brand that has made big business out of niche perfumery.
Established in 2009 by husband and wife team David and Kavi Moltz, D.S. & Durga is a disruptive player in the luxury fragrance market. Popular for its unique and playful branding, the brand’s bestselling fragrances include Debaser, Bowmakers, and I Don’t Know What.
This acquisition aligns with Manzanita’s experience in the prestige fragrance category. The London-based family office owns Diptyque and previously invested in Byredo, which it sold to Puig in 2022 for a rumoured $1 billion.
David and Kavi Moltz will remain in their existing leadership roles at D.S. & Durga, with original investor Monogram Capital maintaining its shareholder status.