Permira is a global investment firm that backs successful businesses with growth ambitions and is one of the world’s most active investors in the Consumer sector, having deployed over €12.5 billion to partner with more than 40 companies globally, including some of the world’s most iconic brands. Current and previous investments from the Permira funds in the sector include: Golden Goose, Hugo Boss, Valentino, Reformation, Dr. Martens, Gruppo Florence and BestSecret. Permira employs over 470 people in 15 offices across Europe, the United States and Asia.
As investors, one of our most powerful tools when scaling a business is to partner with exceptional leaders. These relationships achieve the most when built on openness, trust and candour.
In a new podcast series by Permira’s Consumer investing team – Candid Conversations – we sit down with business leaders from the Permira community to explore the authentic stories and experiences that shaped their lives and careers.
Our aim is to get behind the usual corporate noise to have real conversations about the highs and lows of scaling a business, and the lessons learned along the way.
Candid Conversations with Permira
Featuring
Maureen Chiquet began her career in marketing at L’Oreal Paris in 1985. She has worked at The Gap, helped launch Old Navy, and was president of Banana Republic before becoming COO and President of US operations of Chanel in 2003. In 2007 she became its first Global CEO, where she oversaw the business and brand’s world-wide expansion. She left Chanel in 2016 to focus on writing, speaking, and developing new leadership initiatives. She is a Trustee to the Yale Corporation and fellow of Yale University, where she graduated in 1985.
Hali Borenstein is the Chief Executive Officer of sustainable fashion brand Reformation. Hali has been with Reformation since 2014, when she joined the company as Director of Merchandising, and most recently served as President of the company prior to moving into her current position as CEO.
Under Hali’s leadership, Reformation has grown to 1,000 team members, over 40 retail locations and its international business has more than tripled. She has also overseen significant category expansion and product innovation during her tenure, establishing Reformation as a day-to-day wardrobe staple with the addition of shoes, bags, athleisure and a robust separates business. In tandem, Hali has accelerated the brand’s progress toward its lofty sustainability commitments, including Climate Positive by 2025 and a new commitment to be fully Circular by 2030.
A native of Miami Beach, Florida, Hali received her BA from Duke University and her MBA from the Stanford Graduate School of Business. In addition to her role at Reformation, she serves on the Board of Directors for Carter’s Inc. Hali currently lives in Los Angeles with her husband and their two daughters.
Carolyn is a Senior Advisor at Permira.
Carolyn has over 28 years of experience in senior operating roles in consumer facing technology and media companies. She most recently was President of Instacart. Prior to Instacart, she was the Vice President, Global Business Group at Facebook (Meta) where she led a team of over 4,000 people in over 55 countries and was responsible for over $60B in revenue.
Prior to Facebook, Carolyn was the Corporate Vice President of Microsoft’s Global Advertising Sales and Trade Marketing Teams. Carolyn also spent seven years at Viacom and her last role was Chief Operating Officer of MTVN Ad Sales. Prior to Viacom, Carolyn held roles at Primedia, Walt Disney Imagineering and Accenture Consulting.
She serves on the boards of The Coca Cola Company, The Walt Disney Company, Under Armour, Villanova University, the Humane Society of the United States and Columbia Medical School. Carolyn also serves on the International Advisory Board for Banco Santander. She sits on the private boards of The Knot Worldwide, Comment Sold, GWI and Unitary. Carolyn is also a member of the Council on Foreign Relations, as well as a member of the 2017 Class of Henry Crown Fellows within the Aspen Global Leadership Network at the Aspen Institute.
Carolyn has been named to AdWeek’s “AdWeek 50” since 2013. In 2015, she was named to the top of Business Insider’s list of the Most Powerful Women in Advertising. Carolyn was twice included on Fortune’s “40 Under 40.”
Available to download on Spotify and Apple Podcast.