Manzanita Capital Acquires D.S. & Durga

D.S. & Durga fragrance bottles

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.

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