|
|
|
|
|
PRODUCT NEWS
 |
| Kim Kardashian's private equity firm Skyy Partners makes minority investment in 111Skin to drive growth |
|
| 27 Jan 2025 . BY Megan Whitby |
|
|
|
|
|
|
|
| 111Skin is a plastic-surgeon-led brand that offers a variety of professional spa treatments and at-home skincare and wellbeing products / 111Skin |
|
|
Photo: 111Skin
|
|
SKYY Partners shares our drive for excellence
– Vanessa Goddevrind |
111Skin has secured a significant minority investment from Skyy Partners, the consumer-focused private equity firm co-founded by celebrity and entrepreneur Kim Kardashian.
With the support of Skyy Partners, 111Skin plans to strengthen its direct-to-consumer business and expand its customer base in key markets, including North America and Asia. The financial terms of the transaction have not been disclosed.
The co-founders of 111Skin, Eva and Dr. Yannis Alexandrides, will retain majority ownership and continue to lead the company alongside CEO Vanessa Goddevrind and the rest of the management team.
Goddevrind said: “The Skyy Partners team has tremendous experience working with distinctive, growth-oriented brands. They’re passionate champions of our core values and share our drive for excellence.”
Founded in 2012 by plastic and reconstructive surgeon Dr. Yannis Alexandrides, 111Skin combines 20 years of surgical expertise with innovative delivery methods. The brand's product line includes bio-cellulose face masks, along with a comprehensive range of skincare products, tools, and supplements.
111Skin has made significant advances in the spa market, recently reaching its 111th spa account. Its partner portfolio features luxury operators such as Mandarin Oriental, Rosewood, Four Seasons, Montage, Langham, Kempinski, Jumeirah, Anantara, One&Only Resorts, Accor, Marriott, and more.
David Brisske, Skyy Partners MD, said: “Eva, Yannis, Vanessa and the 111Skin team have created and nurtured a coveted brand with world-class products and a loyal customer base, which fits perfectly with our strategy.
“111Skin has a strong foundation and significant ongoing potential, and we’re honoured to partner with the founders and leadership for the next phase of growth.”
Goldman Sachs International acted as the sole placement agent on the transaction and Raymond James served as financial advisor to Skyy Partners.
New product development updates
In other news, 111Skin has launched a new supplement called Ultimate NAC Y2 Complex, designed to enhance and maintain skin vitality for a youthful and radiant appearance. The formula combines anti-ageing ingredients, antioxidants and 111Skin’s proprietary NAC complex, which includes Vitamin C, escin, and NAC, aimed at repairing, soothing, and restoring the skin.
Additionally, 111Skin has relaunched and reformulated its signature Black Diamond Lifting and Firming Neck Mask.
More about SKKY Partners
SKKY Partners was established in 2022 with the goal of partnering with high-growth, market-leading branded consumer companies. The firm focuses on identifying culturally relevant brands that offer outstanding products and services, fostering emotional connections, and meeting the demands of the modern consumer.
SKKY Partners pursues both control and active minority investments across several subsectors, including beauty and personal care, health and wellness, food and beverage, apparel, accessories, footwear, luxury and hospitality.
The firm combines investment expertise with a deep understanding of modern consumers, culture, social platforms, and various distribution channels to support the growth of its portfolio companies.
|
|
|
|
|
|
111Skin
111Skin offers aesthetic performance face and body treatments at some of the world’s leading spa resorts and hotels like Adare Manor, Sandy Lane, Jumeirah, Four Seasons and Bvlgari.
The company was founded by globally renowned plastic and reconstructive surgeon Dr Yannis Alexandrides and entrepreneur Eva Alexandridis. Inspired by more than 30 years of clinical experience, Dr Yannis is constantly pioneering the latest advances in skincare technology, for cutting-edge formulas that yield long-lasting, visible results.
A relentless innovator, 111Skin, has brought more than a dozen firsts to the beauty industry – from adapting cryotherapy to skincare to using biocellulose in a face mask application for the first time in the Western world.
https://111skin.co.uk/
More details |
|
|
 |
|
|
|
|
| PRODUCT NEWS |
|
| Manduka debuts premium P/ROX hybrid fitness mat |
|
| Manduka, a leading manufacturer of premium yoga mats has launched its P/ROX hybrid fitness
mat, crafted for athletes and functional fitness practitioners who move between yoga and
fitness training. |
|
|
|
|
 |
|
|
Kemitron GmbH
Our
portfolio is divided into four product areas; Technology, Fragrances, Disinfectant and Cleaners [more...] |
|
|
|
|
|
BC Softwear Ltd
Established in 2002 by Barbara Cooke, BC SoftWear provides unmatched expertise in the crafting of th [more...] |
|
|
|
|
|
|
|
|
 |
|
| DIARY |
|
|
|
|
