Skinny Tan now part of InnovaDerma

GLOBAL beauty innovations company InnovaDerma has recently completed the acquisition of Skinny Tan. 

 

InnovaDerma, which hopes to expand its top line revenue and retail distribution footprint globally, will be injecting up to £2m over the next 12 months to consolidate its presence in existing markets. This will also help expand operations to the Americas and enhance the product offering to include a new salon range. 

 

The dual-listed (GXG & Euronext) and fast-growing company, which operates in the UK, Europe, Australia, New Zealand, the Philippines and Hong Kong, is broadening its product suite to continue delivering clinically proven and market-tested ‘at-home’ treatments for male and female hair loss, hair care, skin rejuvenation, and personal care. The company will also continue R&D work, open new territories, and acquire new entities to offer personal care solutions to its global client base. 

 

Founded in 2012 by Louise Ferguson and Kate Cotton, Skinny Tan sold in excess of £2million and has seen phenomenal growth, particularly in Australia and Europe. The company is the first to offer self-tanning by combining a natural tanning active with naturally derived skin smoothing actives to tan, contour and reduce the visible appearance of cellulite. 

 

Kelly Hoppen and Piers Linney became the successful investors of Skinny Tan after winning a fight among the ‘Dragons’ in BBC TV's 'Dragons' Den'. Hoppen and Linney, who were instrumental to the company’s UK launch, will continue to support the brand during the transition. 

 

According to Nick Leviton, managing director of stakeholder 42point5, the acquisition will help enhance the brand on the high street. 

 

42point5 delivers operational excellence and commercial improvement to clients across the UK, Europe, Australia, and Africa in both the manufacturing and service sectors. The company adds value to its clients’ business through productivity and efficiency improvements, capital investment commissioning, and business insights. It leverages major transitions to ensure capacity growth and guidance.