LONDON--(BUSINESS WIRE)--Skinny Tan has announced that global beauty innovations company InnovaDerma has successfully completed their acquisition of Skinny Tan as part of its strategy to expand its top line revenue and retail distribution footprint globally.
Having sold in excess of £2million, Skinny Tan has seen phenomenal growth since Louise Ferguson and Kate Cotton formed it in 2012.
InnovaDerma will be injecting up to £2m over the next 12 months to consolidate its presence in existing markets, expand operations to the Americas and enhance the product offering to include new salon range.
A very successful appearance on BBC TV's 'Dragons' Den' resulted in Kelly Hoppen and Piers Linney wining a fight amongst the ‘Dragons’ to becomes the successful investors of Skinny Tan. Kelly and Piers who were instrumental to the company’s UK launch, will continue to support the brand during the transition.
Responsible for the end-to-end worldwide supply chain as well as managing global key accounts, stakeholder 42point5’s Managing Director Nick Leviton is certain that the acquisition will assist in enhancing the brand on the high street.
About Skinny Tan:
Skinny Tan is the first company that brings self-tanning through the combination of a natural tanning active with naturally derived skin smoothing actives to tan, contour and reduce the visible appearance of cellulite. Formed in 2012, the company has witnessed meteoric growth in Australia and Europe.
About InnovaDerma:
InnovaDerma™ is a dual listed (GXG & Euronext) and fast-growing company with an ever-expanding product suite, delivering clinically proven and market tested ‘at-home’ treatments for male and female hair loss, hair care, skin rejuvenation and personal care. With presence in UK, Europe, Australia, New Zealand, Philippines and Hong Kong, the company is on a growth-trajectory through expanding its product suite, R&D, opening new territories and in acquiring new entities in order to become one of the fastest growing and highly profitable entities in clinically proven and technology driven personal care solutions to its client base globally.
About 42point5 Ltd:
42point5 delivers operational excellence and commercial improvement to clients across UK, Europe, Australia, Africa in both manufacturing and service sectors. With a hands on approach, 42point5 add value to clients’ businesses by improving productivity and efficiency, commissioning capital investment, providing business insight, ensuring capacity growth and guidance through major transitions.
