14
Jun
Category: Beauty
LAHORE, Pakistan — Asian brand Luscious Cosmetics’ product range has recently began retailing at Sephora in Australia.
Luxola, a Singapore-based e-commerce beauty retailer catering to the Asia-Pacific region that was acquired by LVMH Moët Hennessy Louis Vuitton in July, has helped roll out the brand throughout the region. “Luscious has generated strong sales at Luxola,” said Mehrbano Sethi, founding father of Luscious Cosmetics, which relies here.
With greater than $10 million in annual revenue, selling 1.2 million units a 12 months, and a cult following within the Asia-Pacific region, a $120 billion market, Sethi is now actively in search of international enterprise capital or a partnership with a much bigger beauty brand that can propel the cosmetics company to the subsequent level.
“Funding...
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PARIS — Private equity firm Vendis Capital has invested in omnichannel beauty retailer and distributor Skins Cosmetics, based within the Netherlands.
Financial terms of the deal weren't disclosed.
Skins Cosmetics was founded in 2000, culling premium area of interest brands which can be backed by its eponymous retail brand. Skins Cosmetics now carries about 150 luxury area of interest brands.
“With Skins Cosmetics, we achieved many successes, driven by the expansion of existing stores and successful latest store openings,” said Philip Hillege, a cofounder of the corporate, who's its creative director, in an announcement. “This ultra-high-end segment of the market is growing rapidly and is inadequately served in the present international retail landscape.
“We imagine within the qualities Vendis Capital will add to the event of...
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