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. 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. 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. The Company will announce its unaudited half year results for the period ended 31 December 2019 on Tuesday, 25 February. 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. 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. 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. 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. The Nuthing Black Cherry & Kiwi scented hair removal Wax Strips, the company’s first product in the largest hair removal category, will launch in February 2021 in Superdrug. 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. 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InnovaDerma is a UK developer and marketer of beauty, personal care and clinically proven life science products. We understand the Board of InnovaDerma has resolved to buy back this stake. 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. 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. Notox Beauty Elixir was sold at full retail price and was our best-selling item. 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. InnovaDerma PLC ("InnovaDerma" or the "Company") Launch of new Skinny Tan 'Choc' range in Superdrug. 20 November 2019 . 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. InnovaDerma PLC (), the company behind the Skinny Tan product, is looking to bolster its balance sheet to capitalise on opportunities once the lockdowns end.. 20 November 2019 . I remain confident that UK beauty category consumption will quickly improve once COVID-19 restrictions ease,” Hughes added. InnovaDerma has presence in the UK, Europe, US, Australasia, Asia and Africa. other companies in the InnovaDerma Group, for the purpose of listing them on a recognised stock exchange. You cannot print contents of this website. 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. “In independent trials 84% reported that Skinny Tan gave them smoother skin and less visible cellulite. 2 There was no tax expense for HY2015 and the period from 19 September 2014 to 31 December 2014. “Skinny Tan is the first tanner to combine 100% certified natural tanning with organic smoothing oils and firming guarana berries. The new category can be extended to several other product lines in a similar manner to InnovaDerma's core brand, Skinny Tan. Innovaderma, the UK manufacturer of cosmetics ranges including Skinny Tan, Leimo Instant Hair and Tripollar Pose, has provided a trading update for H1 2017. InnovaDerma PLC . Shares in InnovaDerma were down 32% at 44.5p in early deals. 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. 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 (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. 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. “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. Going forwards the group’s strategy includes building customer loyalty and using a digital direct to consumer method to drive sales. 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 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. WATCH: InnovaDerma's Joe Bayer looks to the future with confidence as he takes over as chairman The new products will be sold exclusively at Superdrug from early December. 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 (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. Conditions. 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. Skinny Tan Helps InnovaDerma Double Profit; To Focus On New Products. 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. Derma PLC on Tuesday said it intends to focus on innovation in its recently started financial … Having sold in excess of £2million, Skinny Tan has seen phenomenal growth since Louise Ferguson and Kate Cotton formed it in 2012. InnovaDerma has acquired a number of new brands, including the Stevie K makeup line and Charles + Lee, a men's skin care range. The product first made an impression after the brand’s founders, Louise Ferguson and Kate Cotton, appeared on television series Dragon’s Den. Performance Highlights Acquisition of Skinny Tan in Q2 2015 now fully integrated and generated strong revenue and profit growth 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. Wealthy Investor Ideas - My WordPress Blog. 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. 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 December 2015, InnovaDerma sold 20% of Skinny Tan (the majority of which went to the founders) for a nominal consideration. Full-year revenues of around £300,000 were up by about 39% on the year before. Innovaderma, the UK manufacturer of cosmetics ranges including Skinny Tan, Leimo Instant Hair and Tripollar Pose, has provided a trading update for H1 2017. 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. InnovaDerma secured a distribution agreement with Chemist Warehouse for distribution of Skinny Tan 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. InnovaDerma PLC ("InnovaDerma" or the "Company") Launch of new Skinny Tan 'Choc' range in Superdrug . 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 PLC ("InnovaDerma" or the "Company") Launch of new Skinny Tan 'Choc' range in Superdrug . InnovaDerma PLC (LON:IDP) has launched a new +Choc' range of its Skinny Tan products across 680 Superdrug stores in 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 … Having sold in excess of £2million, Skinny Tan has seen phenomenal growth since Louise Ferguson and Kate Cotton formed it in 2012. 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. “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. 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 (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, … Skinny Tan Moisture Mousse is a Trademark by Innovaderma Aus & Nz Pty. InnovaDerma PLC acquires Skinny Tan Pty Ltd on 2015-06-01 for an undisclosed amount 20 November 2019 . The Charles & Lee business continues to grow and show its scale potential in Australia across both Retail and DTC, despite the pandemic. 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. Skinny Tan remains well positioned to perform with a strong roster of new products to be launched during 2021. InnovaDerma posts maiden profit ahead of Skinny Tan launch into US. InnovaDerma’s most famous product is Skinny Tan – the firm’s wildly popular range of self-tanning lotions. The company said it expects full-year revenue for 2020 to be around £4.1mln, versus revenue of £5.1mln in 2019. InnovaDerma has seen an exceptional performance of Skinny Tan in Boots Ireland. 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.”. 86% reported a streak-free even result that didn’t dry their skin like other tanners. Notox Beauty Elixir was sold at full retail price and was our best-selling item. InnovaDerma PLC ('InnovaDerma' or the 'Company') Launch of new Skinny Tan 'Choc' range in Superdrug. Skinny Tan remains well positioned to perform with a strong roster of new products to be launched during 2021. InnovaDerma Launches Skinny Tan New 'Choc' Range In Superdrug Stores. Shortly afterwards InnovaDerma acquired the brand. 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. 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. Skinny Tan remains well positioned to perform with a strong roster of new products to be launched during 2021. 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 InnovaDerma PLC . Kieran Callan, CEO of InnovaDerma, said: By Oliver Haill. 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. The duo won the backing of two ‘dragons’, Kelly Hoppen and Piers Linney. 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. Notox Beauty Elixir was sold at full retail price and was InnovaDerma’s best-selling item. InnovaDerma PLC . Sephora is a big name in the beauty and MyShowcase and Tropic Skin Care noted for start-up success, Rejuvel Bio-Sciences signs Middle East deal, © HPCi Media Limited | Registered in England No. 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. Notox Beauty Elixir was sold at full retail price and was InnovaDerma’s best-selling item. Dragons' Den-backed Skinny Tan bought by beauty giant InnovaDerma. 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. In context of the whole year, this has been fairly volatile and still trades at a very small market cap. 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 PLC ('InnovaDerma' or the 'Company') Launch of new Skinny Tan 'Choc' range in Superdrug. 30 th January 2017: Kieran Callan appointed as non-executive Director. 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. (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™: info@skinnytan.com ... InnovaDerma is a UK developer and marketer of beauty, personal care and clinically proven life science products. InnovaDerma soars as 'Skinny' self-tan sales lead to maiden profit. 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Ditching Australia for Britain boosted sales for the owner of Skinny Tan. InnovaDerma PLC. In the first half, it also listed on the Main Market of the London Stock Exchange and entered the US market. 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. It is a Class II vibrating medical device as classified by the FDA and used as part of a climax control programme for males who suffer from premature ejaculation. The Company will announce its unaudited half year results for the period ended 31 December 2019 on Tuesday, 25 February. InnovaDerma PLC ("InnovaDerma" or the "Company") Launch of new Skinny Tan 'Choc' range in Superdrug . Subscribe, Terms & As with InnovaDerma's leading brand, Skinny Tan, Nuthing TM can be extended to several other product lines in a similar manner. Piers Linney and Kelly Hoppen, who own a 10pc stake, will retain their shareholding Skinny Tan remains well-positioned to perform with a strong roster of new products to be launched during 2021, it added. 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. Save my name, email, and website in this browser for the next time I comment. At the same time, Skinny Tan is going global with a launch in Korea and a roll out in Regis salons. The new category can be extended to several other product lines in a similar manner to InnovaDerma's core brand, Skinny Tan. 20 November 2019 . It sold 13m of product this year after a very slow H1. 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. 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 (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. Company behind popular Superdrug tanning brand Skinny Tan has benefited from high uptake of the products. 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. Prolong is the world’s only FDA-cleared medical device for premature ejaculation. - 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. 6716035 | Natraj Building The Tanneries, 55 Bermondsey Skinny Tan was launched into A.S. Watson retailer Superdrug in February 2016. 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. The 2020 brand launch coincided with the UK March lockdown and the company is therefore planning further in-store enhanced visibility over 2021. 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. 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. The Roots business saw revenues decline by 29% due to its predominant UK Retail focus. InnovaDerma PLC ("InnovaDerma" or the "Company") Launch of new Skinny Tan 'Choc' range in Superdrug . The new brand packaging is now being rolled out in the UK and the pricing repositioning will be fully implemented in January 2021. International: +61 3 9863 8030. “Over the coming weeks, I will be formalising our sharpened strategic focus for future growth. In October last year, InnovaDerma announced plans to move production to the UK from Australia. "We are excited to be launching the new limited-edition 'Choc' range for Skinny Tan, which will hit … (Alliance News) - InnovaDerma PLC on Tuesday posted a narrowed loss for the first half of its financial year, helped by strong sales from its Skinny Tan self-tanning brand. (The Board has since bought 9% and paid for that and now owns 89% of Skinny Tan). Contact. 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. 20 November 2019. 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 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. 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