Vendis Capital Invests in Skins Cosmetics
Monetary phrases of the trade in weren’t disclosed.
Skins Cosmetics used to be based in 2000, culling top class area of interest manufacturers which might be sponsored by way of its eponymous retail logo. Skins Cosmetics now carries about 150 luxurious area of interest manufacturers.
“With Skins Cosmetics, we achieved many successes, driven by the growth of existing stores and successful new store openings,” mentioned Philip Hillege, a cofounder of the corporate, who’s its inventive director, in a commentary. “This ultra-high-end section of the marketplace is rising unexpectedly and is inadequately served within the current world retail park.
“We believe in the qualities Vendis Capital will add to the development of Skins, supported in part by its familiarity with the luxury consumer brand industry and its experience in successfully rolling out retail concepts,” he persisted. “Vendis’ arrival also marks the departure of five early investors who supported the company in its previous phase.”
These days, Pores and skin Cosmetics has 20 shops, with some franchised, within the Netherlands, Belgium and South Africa. It has its personal e-commerce, as smartly.
Throughout the time 3 years Skins Cosmetics has registered moderate gross sales expansion of greater than 30 %. Endmost age, it generated greater than 40 million euros. The crowd counts about 200 staff.
Hillege extra in his function at Skins Cosmetics and Claudia Pouw-Dullaart as its eminent govt officer.
Vendis Capital, based in 2009, makes a speciality of the patron items sector in Europe. It invests in petite to medium-sized firms in France, Belgium, the Netherlands, Germany, Italy and Scandinavia.
“Skins Cosmetics fits Vendis’ investment criteria very well,” mentioned Vincent Braams, a spouse at Vendis Capital. “It presents a successful omnichannel retail brand, offering a premium selection of niche luxury products through a strong go-to-market platform. The brand is well-positioned for further growth, and we are confident that together we will realize its potential.”