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. 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. (The Board has since bought 9% and paid for that and now owns 89% of Skinny Tan). 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. 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. 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Kieran Callan, CEO of InnovaDerma, said: - 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. TIDMIDP. Skinny Tan remains well-positioned to perform with a strong roster of new products to be launched during 2021, it added. InnovaDerma PLC ("InnovaDerma" or the "Company") Launch of new Skinny Tan 'Choc' range in Superdrug . 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. 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. 2 & 3. In context of the whole year, this has been fairly volatile and still trades at a very small market cap. 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. (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. 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 … Both Retail, as well as Direct-to-Consumer (DTC) sales, have been affected by a reduction in beauty category consumption, particularly in the tanning category, due to COVID-19, InnovaDerma said. 20 November 2019 . The duo won the backing of two ‘dragons’, Kelly Hoppen and Piers Linney. 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. Nuthing sales have been subdued as the UK hair removal category is very reliant on physical Retail and has been severely affected by category consumption decline, InnovaDerma told investors. 20 November 2019 . The new category can be extended to several other product lines in a similar manner to InnovaDerma's core brand, Skinny Tan. Having sold in excess of £2million, Skinny Tan has seen phenomenal growth since Louise Ferguson and Kate Cotton formed it in 2012. Derma PLC on Tuesday said it intends to focus on innovation in its recently started financial … 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. 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. Notox Beauty Elixir was sold at full retail price and was our best-selling item. Yes, HC selling was unfortunate but he last sold nearly a year ago and still owns over 4 million shares, over 25% of the company. InnovaDerma Launches Skinny Tan New 'Choc' Range In Superdrug Stores. InnovaDerma PLC ("InnovaDerma" or the "Company") Launch of new Skinny Tan 'Choc' range in Superdrug . InnovaDerma PLC ('InnovaDerma' or the 'Company') Launch of new Skinny Tan 'Choc' range in Superdrug. Sales value ex VAT self-tan brand within a major pharmacist in that year to date. While sales of Skinny Tan in 2020 were lower than they were the year before, the company said the launches of Notox Beauty Elixir and Strawberry & Cream Pink Whipped Gradual Tanner were very successful on its UK DTC platform in December. 20 November 2019 . IN THE BEGINNING… Skinny Tan, a global tanning sensation and one of the world's fastest-growing self-tanning brands, started from very humble beginnings.. Back in 2012 young Mums, Kate Cotton & Louise Ferguson were busy formulating the perfect self-tanning cream. 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Wealthy Investor Ideas - My WordPress Blog. As with InnovaDerma’s leading brand, Skinny Tan, Nuthing can be extended to several other product lines in a similar manner. In the first half, it also listed on the Main Market of the London Stock Exchange and entered the US market. InnovaDerma PLC (LON:IDP) has launched a new +Choc' range of its Skinny Tan products across 680 Superdrug stores in the UK. InnovaDerma PLC (), the company behind the Skinny Tan product, is looking to bolster its balance sheet to capitalise on opportunities once the lockdowns end.. Skinny Tan™: info@skinnytan.com ... InnovaDerma is a UK developer and marketer of beauty, personal care and clinically proven life science products. Skinny Tan Helps InnovaDerma Double Profit; To Focus On New Products. 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. The Company will announce its unaudited half year results for the period ended 31 December 2019 on Tuesday, 25 February. At the same time, Skinny Tan is going global with a launch in Korea and a roll out in Regis salons. 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. 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. 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. 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. Innovaderma, the UK manufacturer of cosmetics ranges including Skinny Tan, Leimo Instant Hair and Tripollar Pose, has provided a trading update for H1 2017. Conditions. Launched by UK mums Louise Ferguson and Kate Cotton and bought by InnovaDerma in 2015, Skinny Tan, which has largely built its sales on claims that it can make users bodies look thinner and smoother, is now sold all over Australia and the UK, and is planning to expand into the US. InnovaDerma PLC ("InnovaDerma" or the "Company") Launch of new Skinny Tan 'Choc' range in Superdrug. 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. Sephora to stock Skinny Tan Skinny Tan will be sold in France for the first time in the first quarter of next year through Sephora's online store. Shortly afterwards InnovaDerma acquired the brand. “Over the coming weeks, I will be formalising our sharpened strategic focus for future growth. InnovaDerma PLC ("InnovaDerma" or the "Company") Launch of new Skinny Tan 'Choc' range in Superdrug . We understand the Board of InnovaDerma has resolved to buy back this stake. 86% reported a streak-free even result that didn’t dry their skin like other tanners. Performance Highlights Acquisition of Skinny Tan in Q2 2015 now fully integrated and generated strong revenue and profit growth 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 20 November 2019. 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. Innovaderma, the UK manufacturer of cosmetics ranges including Skinny Tan, Leimo Instant Hair and Tripollar Pose, has provided a trading update for H1 2017. As with InnovaDerma's leading brand, Skinny Tan, Nuthing TM can be extended to several other product lines in a similar manner. 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.”. In December 2015, InnovaDerma sold 20% of Skinny Tan (the majority of which went to the founders) for a nominal consideration. Skinny Tan remains well positioned to perform with a strong roster of new products to be launched during 2021. You cannot print contents of this website. Your email address will not be published. Having sold in excess of £2million, Skinny Tan has seen phenomenal growth since Louise Ferguson and Kate Cotton formed it in 2012. "We are excited to be launching the new limited-edition 'Choc' range for Skinny Tan, which will hit … 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. The product first made an impression after the brand’s founders, Louise Ferguson and Kate Cotton, appeared on television series Dragon’s Den. The new products will be provided with prominent shelf spacing from Superdrug and sold via the Company's DTC platform in the first quarter of calendar 2020. InnovaDerma soars as 'Skinny' self-tan sales lead to maiden profit. 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. 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 PLC ("InnovaDerma" or the "Company") Launch of new Skinny Tan 'Choc' range in Superdrug . The Charles & Lee business continues to grow and show its scale potential in Australia across both Retail and DTC, despite the pandemic. 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. 2 There was no tax expense for HY2015 and the period from 19 September 2014 to 31 December 2014. 6716035 | Natraj Building The Tanneries, 55 Bermondsey InnovaDerma said its cash position has been materially affected by the fall-out from the pandemic and it has thus agreed in principle to borrow £500,000 from Mark Ward, a non-executive director of the company. 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. International: +61 3 9863 8030. “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. InnovaDerma has presence in the UK, Europe, US, Australasia, Asia and Africa. “Skinny Tan is the first tanner to combine 100% certified natural tanning with organic smoothing oils and firming guarana berries. 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. Notox Beauty Elixir was sold at full retail price and was InnovaDerma’s best-selling item. In addition, we will be exploring options to strengthen the balance sheet to ensure the business is well-positioned for the future. The 2020 brand launch coincided with the UK March lockdown and the company is therefore planning further in-store enhanced visibility over 2021. It sold 13m of product this year after a very slow H1. Company behind popular Superdrug tanning brand Skinny Tan has benefited from high uptake of the products. Prolong is the world’s only FDA-cleared medical device for premature ejaculation. Contact. Full-year revenues of around £300,000 were up by about 39% on the year before. 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. InnovaDerma PLC ('InnovaDerma' or the 'Company') Launch of new Skinny Tan 'Choc' range in Superdrug. 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. 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. 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. Sephora is a big name in the beauty and Notox Beauty Elixir was sold at full retail price and was our best-selling item. 20 November 2019 . 30 th January 2017: Kieran Callan appointed as non-executive Director. Dragons' Den-backed Skinny Tan bought by beauty giant InnovaDerma. InnovaDerma has seen an exceptional performance of Skinny Tan in Boots Ireland. Fenwick is a family owned chain of ten department stores in the United Kingdom established in 1882, which over the centuries has maintained its reputation for distinctiveness and innovation, prestige and value. The Roots business saw revenues decline by 29% due to its predominant UK Retail focus. InnovaDerma PLC . InnovaDerma PLC acquires Skinny Tan Pty Ltd on 2015-06-01 for an undisclosed amount InnovaDerma PLC (), the company behind the Skinny Tan product, is looking to bolster its balance sheet to capitalise on opportunities once the lockdowns end.. As in previous years, the company expects its performance in the year to end-June 2021 will be heavily weighted to the second half of the fiscal year and it expects to be profitable at the EBITDA (underlying earnings) level. The new brand packaging is now being rolled out in the UK and the pricing repositioning will be fully implemented in January 2021. 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. “I have now been the CEO of InnovaDerma for a little over seven weeks and I am very positive about the future growth potential of the business,” said Blake Hughes, the chief executive officer (CEO) of InnovaDerma in the trading statement. The latest company information, including net asset values, performance, holding & sectors weighting, changes in voting rights, and directors and dealings. 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. InnovaDerma PLC . 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