Cos Bar Acquired by Mitchell Family Office

Cos Bar has found a buyer — though not the one the industry expected.

The retailer, founded in 1976 by Lily Garfield in Aspen, has been acquired by Michigan-based firm Mitchell Family Office.

Cos Bar was widely understood to be in late-stage conversations with Violet Grey, as reported . WWD understands that Mitchell Family Office made an eleventh-hour bid on the retailer of undisclosed size. Cos Bar did not comment on the switch-up by press time.

“Cos Bar is a brand with deep heritage, a loyal client base, and a phenomenal reputation for excellence in luxury beauty,” said Mark Mitchell, the acquirer’s managing partner. “We are thrilled to partner with the Cos Bar team to honor the company’s legacy while positioning it for future growth. At MFO, we invest in brands with strong founders