Ditching Australia for Britain boosted sales for the owner of Skinny Tan. Skinny Tan Moisture Mousse is a Trademark by Innovaderma Aus & Nz Pty. InnovaDerma PLC ("InnovaDerma" or the "Company") Launch of new Skinny Tan 'Choc' range in Superdrug . 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. Skinny Tan™: [email protected]
... InnovaDerma is a UK developer and marketer of beauty, personal care and clinically proven life science products. A statement read: “The Board is pleased with the progress of the Company and looks forward to discussing this further at the time of its interim results expected to be in February.”. “Over the coming weeks, I will be formalising our sharpened strategic focus for future growth. InnovaDerma PLC acquires Skinny Tan Pty Ltd on 2015-06-01 for an undisclosed amount InnovaDerma said: "As indicated in previous announcements, InnovaDerma's product Skinny Tan is currently sold in Korea through Olive Young, which is distributed through PROS. InnovaDerma PLC ("InnovaDerma" or the "Company") Skinny Tan to be ranged in Boots UK ("Boots") InnovaDerma (LSE: IDP), a UK developer of life sciences, beauty and personal care products, is pleased to announce that the Skinny Tan portfolio will be ranged in 1,250 of Boots' 2,500 stores nationwide. The company announced that the group’s first half year results for the six months ended 31 December 2016 have been “encouraging”, with revenues forecast to grow 80% year-on-year to approximately £3m. 20 November 2019. Derma PLC on Tuesday said it intends to focus on innovation in its recently started financial … InnovaDerma PLC . 6716035 | Natraj Building The Tanneries, 55 Bermondsey Fuelling growth is the company’s Skinny Tan product – a premium multipurpose self-tan brand that combines natural tanning active to tan while also reducing the appearance of cellulite. The company expects the tanning category consumption to significantly improve as COVID-19 restrictions ease, particularly during the peak tanning season from April to June. Prolong is the world’s only FDA-cleared medical device for premature ejaculation. InnovaDerma PLC ('InnovaDerma' or the 'Company') Launch of new Skinny Tan 'Choc' range in Superdrug. “Skinny Tan is the first tanner to combine 100% certified natural tanning with organic smoothing oils and firming guarana berries. InnovaDerma's main product is self-tanning lotion Skinny Tan - of Dragon's Den fame - which "continues to make excellent progress" in the UK and throughout Europe. InnovaDerma PLC. InnovaDerma has also signed a distribution agreement with Regis Salons UK, who will offer Skinny Tan Professional in 20 stores offering spray tanning services, and the over-the-counter version of the product will also be sold in those stores. InnovaDerma bought 80 per cent of Skinny Tan, a fake tan brand which claims to reduce cellulite, in May last year for an undisclosed sum. - Douglas Beauty has launched Skinny Tan online, if successful there is a chance that it can launch in some of the companies 1,900 stores or potentially other Innovaderma brands could be brought on board. 20 November 2019 . (The Board has since bought 9% and paid for that and now owns 89% of Skinny Tan). Shares in InnovaDerma were down 32% at 44.5p in early deals. The UK developer of beauty, personal care and life sciences products said the continued impact of the coronavirus (COVID-19) pandemic and tighter lockdown rules hit its trading performance over the important festive season. Notox Beauty Elixir was sold at full retail price and was our best-selling item. Innovaderma Profit Warning: Shares in beauty specialist Innovaderma (LON:IDP) tumbled 40% in early trade as the company released a profit warning which contained a number of disappointments.The share price has since recovered. In December 2015, InnovaDerma sold 20% of Skinny Tan (the majority of which went to the founders) for a nominal consideration. The company, which makes a range of cosmetic and beauty products, has seen a 21% increase in revenue to £13m in the year ended 30 June 2019, up from £10.7m the previous year, while pre-tax profit is expected to more than … This impairment is likely to be substantial but will have no material impact on the company’s prospects, trading outlook or working capital position, InnovaDerma said. InnovaDerma PLC (LON:IDP), the company behind the Skinny Tan product, is looking to bolster its balance sheet to capitalise on opportunities once the lockdowns end. TIDMIDP. Performance Highlights Acquisition of Skinny Tan in Q2 2015 now fully integrated and generated strong revenue and profit growth Having sold in excess of £2million, Skinny Tan has seen phenomenal growth since Louise Ferguson and Kate Cotton formed it in 2012. International: +61 3 9863 8030. 2 & 3. InnovaDerma (LSE: IDP), a UK developer of beauty, personal care and life science products, is pleased announce the launch of a new 'Choc' range for Skinny Tan, exclusive to c.680 Superdrug stores across the UK. other companies in the InnovaDerma Group, for the purpose of listing them on a recognised stock exchange. InnovaDerma (LSE: IDP), a UK developer of beauty, personal care and life science products, is pleased announce the launch of a new 'Choc' range for Skinny Tan, exclusive to c.680 Superdrug stores across the UK. Using these automated campaigns, the retailer experienced a 436 percent growth in revenue in the first half of 2020, compared to 2019 in its entirety. The Roots business saw revenues decline by 29% due to its predominant UK Retail focus. The company will be exploring options to strengthen the balance sheet to ensure it is in a strong position to benefit from the substantial growth opportunities anticipated once restrictions begin to ease. Notox Beauty Elixir was sold at full retail price and was InnovaDerma’s best-selling item. Following the success from the Skinny Tan UK campaigns, InnovaDerma introduced the automated campaigns to its other products, including Charles & Lee, Roots and Nu-Thing. InnovaDerma has presence in the UK, Europe, US, Australasia, Asia and Africa. At the same time, Skinny Tan is going global with a launch in Korea and a roll out in Regis salons. InnovaDerma PLC ("InnovaDerma" or the "Company") Launch of new Skinny Tan 'Choc' range in Superdrug InnovaDerma (LSE: IDP), a UK developer of beauty, personal care and life science products, is pleased announce the launch of a new 'Choc' range for Skinny Tan, exclusive to c.680 Superdrug stores across the UK. Contact. InnovaDerma PLC (), the company behind the Skinny Tan product, is looking to bolster its balance sheet to capitalise on opportunities once the lockdowns end.. InnovaDerma PLC ("InnovaDerma" or the "Company") Launch of new Skinny Tan 'Choc' range in Superdrug . InnovaDerma PLC . InnovaDerma PLC (LON:IDP), the company behind the Skinny Tan product, is looking to bolster its balance sheet to capitalise on opportunities once the lockdowns end. The Charles & Lee business continues to grow and show its scale potential in Australia across both Retail and DTC, despite the pandemic. InnovaDerma was performing well going into the pandemic and with the support of our major shareholders, I have every confidence in the prospects of the company, which has some excellent brands with substantial potential, underpinned by our strong customer following and our broad DTC platform,” he concluded. Date: Monday 31 Oct 2016 (ShareCast News) - As well as announcing soaring full year profits, InnovaDerma has secured a US distribution deal for its Skinny Tan self-tanning lotion after it proved a hit in the UK and Australia. The firm's Skinny Tan product range had been a key driver of growth in its last financial year, with a “significant increase” in the retail footprint of the brand helping to boost sales It sold 13m of product this year after a very slow H1. Innovaderma UK Ltd t/a Skinny Tan responded that their claim to be the “UKs [sic] No 1” was based on them being the No 1. Argo Blockchain receives 1,058 cryptocurrency miners ahead of schedule, Power Metal Resources details more progress at Molopo Farms, Diagnostics sector set to continue to see growth in 2021 and 2022, says broker…, Investment continues to shine on UK solar after 27% capacity growth in 2020. The board will also be undertaking an impairment review exercise on certain intangible items on the balance sheet to reflect the impact of COVID-19 and recent trading. UK sales fell by just under a third to around £2.9mln but the company saw sales grow by some 17% year-on-year in the US and by around 52% in Australia. InnovaDerma Launches Skinny Tan New 'Choc' Range In Superdrug Stores. Piers Linney and Kelly Hoppen, who own a 10pc stake, will retain their shareholding 86% reported a streak-free even result that didn’t dry their skin like other tanners. In the nine months since the stock listed last September, InnovaDerma’s shares have surged by over 300p, or 400 per cent, on the back of the success of its Skinny Tan range. 14 th December 2016: Placing of shares at 110p to raise £800,000 as strong demand for Skinny Tan means they need to increase production 16 th January 2017: Trading statement shows 80% increase in first half turnover. Skinny Tan owner InnovaDerma has announced it is to increase product innovation and launch into new categories following strong revenue growth for its financial year. Skinny Tan was launched into A.S. Watson retailer Superdrug in February 2016. 20 November 2019 . Wealthy Investor Ideas - My WordPress Blog. 20 November 2019 . 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The latest company information, including net asset values, performance, holding & sectors weighting, changes in voting rights, and directors and dealings. 30 th January 2017: Kieran Callan appointed as non-executive Director. In boardroom news, the company said Joe Bayer, its former chairman, has left the company; he had been expected to stay on a director to the end of this month. InnovaDerma has presence in the UK, Europe, US, Australasia, Asia and Africa. Skinny Tan remains well positioned to perform with a strong roster of new products to be launched during 2021. Innovaderma, the UK manufacturer of cosmetics ranges including Skinny Tan, Leimo Instant Hair and Tripollar Pose, has provided a trading update for H1 2017. Life Sciences’ revenues remain relatively modest and the board is focusing on the US market while it awaits CE (health, safety and environmental) accreditation which has been delayed by COVID-19. The product first made an impression after the brand’s founders, Louise Ferguson and Kate Cotton, appeared on television series Dragon’s Den. InnovaDerma is a UK developer and marketer of beauty, personal care and clinically proven life science products. Going forwards the group’s strategy includes building customer loyalty and using a digital direct to consumer method to drive sales. Kieran Callan, CEO of InnovaDerma, said: InnovaDerma PLC ("InnovaDerma" or the "Company") Launch of new Skinny Tan 'Choc' range in Superdrug. The company said it expects full-year revenue for 2020 to be around £4.1mln, versus revenue of £5.1mln in 2019. “In independent trials 84% reported that Skinny Tan gave them smoother skin and less visible cellulite. We understand the Board of InnovaDerma has resolved to buy back this stake. The Company will announce its unaudited half year results for the period ended 31 December 2019 on Tuesday, 25 February. "We are excited to be launching the new limited-edition 'Choc' range for Skinny Tan, which will hit … Skinny Tan remains well positioned to perform with a strong roster of new products to be launched during 2021. (Alliance News) - InnovaDerma PLC said Wednesday it has launched a new 'Choc' range for Skinny Tan tanning products, exclusive to around 680 Superdrug stores across the UK. Skinny Tan remains well-positioned to perform with a strong roster of new products to be launched during 2021, it added. Beauty product innovator InnovaDerma (LON:IDP) saw its revenues for the half ended December 31 last year advance 28% year-on-year, led by the performance of its Skinny Tan beauty range. Notox Beauty Elixir was sold at full retail price and was our best-selling item. InnovaDerma mulling bolstering the balance sheet as new CEO looks to sharpen strategic focus. Fenwick Group Skinny Tan will be stocked in selected stores within the Fenwick Group from the first quarter of 2018, which demonstrates the potential of Skinny Tan in the premium market. “Whilst it is disappointing to be reporting the extent of the continued impact that COVID-19 has had on the beauty category, and therefore our business, particularly over the last quarter, I believe our results in the US and Australia, as well as the strong growth of Charles & Lee, show the significant international growth potential of the business. Skinny Tan is currently sold in Olive Young's 550 stores nationwide and is distributed through PROS Korea, a distributor for InnovaDerma products for North East Asia. In the first half, it also listed on the Main Market of the London Stock Exchange and entered the US market. InnovaDerma (LSE: IDP), a UK developer of beauty, personal care and life science products, is pleased announce the launch of a new 'Choc' range for Skinny Tan, exclusive to c.680 Superdrug stores across the UK. InnovaDerma PLC ('InnovaDerma' or the 'Company) 'Nuthing TM ' is revealed, a new range of products for hair removal. InnovaDerma’s most famous product is Skinny Tan – the firm’s wildly popular range of self-tanning lotions. Skinny Tan remains well positioned to perform with a strong roster of new products to be launched during 2021. In context of the whole year, this has been fairly volatile and still trades at a very small market cap. The beauty and personal care products group said it will add five new products to its range of 58 self-tanning lotions, all of which are vegan friendly and use biodegradable packaging. 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Charles & Lee continues to grow and show its scale potential in Australia across both Retail and DTC, (£0.3m, up c.39%), despite the pandemic. InnovaDerma posts maiden profit ahead of Skinny Tan launch into US. 20 November 2019 . Sales value ex VAT self-tan brand within a major pharmacist in that year to date. Skinny Tan Helps InnovaDerma Double Profit; To Focus On New Products. Full-year revenues of around £300,000 were up by about 39% on the year before. In addition, we will be exploring options to strengthen the balance sheet to ensure the business is well-positioned for the future. By Oliver Haill. It is still a growing company (revenue up 21.7% this year, EBITDA doubling, improved net cash, more product lines in more stores)and skinny tan is still growing. I remain confident that UK beauty category consumption will quickly improve once COVID-19 restrictions ease,” Hughes added. InnovaDerma has acquired a number of new brands, including the Stevie K makeup line and Charles + Lee, a men's skin care range.