Otium Capital completed the acquisition of Birchbox France.

Otium Capital, a venture capital firm, completed the acquisition of Birchbox France, a French subsidiary of the online subscription make-up company. Financial terms were not disclosed. “Otium Capital is excited about Birchbox France’s strong foothold in the market and wants to invest in their growth. While it is bittersweet for us to part ways with our French teammates, this is an amazing opportunity for them and a major milestone for our company. As we kick off 2020 and celebrate a decade of Birchbox, we are as energised as ever to deliver the best beauty discovery experience,” Birchbox.