Recent Acquisition
SNR Capital recently completed the acquisition of Thirteen Lune, a deal whose financial details remain confidential. This development follows Thirteen Lune’s announcement in September 2024 about their search for strategic partnerships.
Leadership Shifts
WWD reports that there have been significant leadership changes at Thirteen Lune following the acquisition. Nyakio Grieco has stepped into the role of CEO, while Patrick Herning, the co-founder, has departed the company.
Statements on the Future
Reflecting on the changes, Grieco shared with WWD, “We faced many challenges this year, echoing the broader business landscape. It became evident that a restructuring of Thirteen Lune was essential for future growth. Our fast-paced ascent in the last four years has presented challenges in meeting market demands. This acquisition is pivotal in furthering our mission to promote diverse founders and advance our global business strategy in collaboration with my new partners.”