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 (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 secured a distribution agreement with Chemist Warehouse for distribution of Skinny Tan At the same time, Skinny Tan is going global with a launch in Korea and a roll out in Regis salons. 2 There was no tax expense for HY2015 and the period from 19 September 2014 to 31 December 2014. InnovaDerma has presence in the UK, Europe, US, Australasia, Asia and Africa. 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. 20 November 2019 . 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 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") 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. S&P/ASX 200 extends gains after Joe Biden unveils US$1.9 trillion US stimulus plan; MGC Pharmaceuticals gears up to pursue global growth strategy in 2021 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. “Skinny Tan is the first tanner to combine 100% certified natural tanning with organic smoothing oils and firming guarana berries. 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. MyShowcase and Tropic Skin Care noted for start-up success, Rejuvel Bio-Sciences signs Middle East deal, © HPCi Media Limited | Registered in England No. 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. other companies in the InnovaDerma Group, for the purpose of listing them on a recognised stock exchange. Skinny Tan Helps InnovaDerma Double Profit; To Focus On New Products. Shortly afterwards InnovaDerma acquired the brand. 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. 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. 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.”. It sold 13m of product this year after a very slow H1. 30 th January 2017: Kieran Callan appointed as non-executive Director. 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 posts maiden profit ahead of Skinny Tan launch into US. Skinny Tan was launched into A.S. Watson retailer Superdrug in February 2016. 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 … Company behind popular Superdrug tanning brand Skinny Tan has benefited from high uptake of the products. As with InnovaDerma's leading brand, Skinny Tan, Nuthing TM can be extended to several other product lines in a similar manner. InnovaDerma PLC . InnovaDerma PLC . Sales value ex VAT self-tan brand within a major pharmacist in that year to date. Notox Beauty Elixir was sold at full retail price and was InnovaDerma’s best-selling item. 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. Dragons' Den-backed Skinny Tan bought by beauty giant InnovaDerma. 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 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 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. Skinny Tan remains well positioned to perform with a strong roster of new products to be launched during 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. 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 Board has since bought 9% and paid for that and now owns 89% of Skinny Tan). “Over the coming weeks, I will be formalising our sharpened strategic focus for future growth. Notox Beauty Elixir was sold at full retail price and was our best-selling item. 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’s most famous product is Skinny Tan – the firm’s wildly popular range of self-tanning lotions. 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. Subscribe, Terms & 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. Wealthy Investor Ideas - My WordPress Blog. 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. 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. Conditions. In October last year, InnovaDerma announced plans to move production to the UK from Australia. Kieran Callan, CEO of InnovaDerma, said: 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 product first made an impression after the brand’s founders, Louise Ferguson and Kate Cotton, appeared on television series Dragon’s Den. Having sold in excess of £2million, Skinny Tan has seen phenomenal growth since Louise Ferguson and Kate Cotton formed it in 2012. 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. 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. 20 November 2019 . InnovaDerma Launches Skinny Tan New 'Choc' Range In Superdrug Stores. 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. 20 November 2019 . Sephora is a big name in the beauty and The latest company information, including net asset values, performance, holding & sectors weighting, changes in voting rights, and directors and dealings. 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 acquires Skinny Tan Pty Ltd on 2015-06-01 for an undisclosed amount The new category can be extended to several other product lines in a similar manner to InnovaDerma's core brand, Skinny Tan. 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. 2 & 3. 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Ditching Australia for Britain boosted sales for the owner of Skinny Tan. 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. “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 new category can be extended to several other product lines in a similar manner to InnovaDerma's core brand, Skinny Tan. InnovaDerma PLC ('InnovaDerma' or the 'Company') Launch of new Skinny Tan 'Choc' range in Superdrug. 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. (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. 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 December 2015, InnovaDerma sold 20% of Skinny Tan (the majority of which went to the founders) for a nominal consideration. InnovaDerma PLC ("InnovaDerma" or the "Company") Launch of new Skinny Tan 'Choc' range in Superdrug . 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. 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. InnovaDerma soars as 'Skinny' self-tan sales lead to maiden profit. InnovaDerma PLC ("InnovaDerma" or the "Company") Launch of new Skinny Tan 'Choc' range in Superdrug . In the first half, it also listed on the Main Market of the London Stock Exchange and entered the US market. 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. 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. InnovaDerma has presence in the UK, Europe, US, Australasia, Asia and Africa. Notox Beauty Elixir was sold at full retail price and was our best-selling item. We understand the Board of InnovaDerma has resolved to buy back this stake. 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 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 (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. 6716035 | Natraj Building The Tanneries, 55 Bermondsey 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, … St, London SE1 3XG | VAT GB 939828072, Croda makes first tech company investment in 'Fitbit for skin', Raww: An exclusive look at Inika Organic's new superfood sister brand, L’Oréal withdraws Decléor from the US to focus on Europe, Yes To receives $56m investment from Viking Global, Ancora invests in US beauty brand Indie Lee, Kao’s beauty sales drop 4% as demand dries up, Emma Bunton enters beauty industry with Kit & Kin brand, Unilever buys minority stake in True Botanicals, L Catterton invests in probiotic skin care brand TULA, Puig parent company Exea buys majority stake in Apivita, Nivea reveals it has made ‘incredible’ sales on China’s JD.com, Advertise - 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. Shares in InnovaDerma were down 32% at 44.5p in early deals. 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. 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. Having sold in excess of £2million, Skinny Tan has seen phenomenal growth since Louise Ferguson and Kate Cotton formed it in 2012. 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. 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. TIDMIDP. 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. 20 November 2019 . 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. 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. Save my name, email, and website in this browser for the next time I comment. InnovaDerma PLC. InnovaDerma PLC . InnovaDerma PLC (), the company behind the Skinny Tan product, is looking to bolster its balance sheet to capitalise on opportunities once the lockdowns end.. 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. “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. 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 company said it expects full-year revenue for 2020 to be around £4.1mln, versus revenue of £5.1mln in 2019. Skinny Tan remains well positioned to perform with a strong roster of new products to be launched during 2021. 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. International: +61 3 9863 8030. Notox Beauty Elixir was sold at full retail price and was InnovaDerma’s best-selling item. Skinny Tan Moisture Mousse is a Trademark by Innovaderma Aus & Nz Pty. 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. “In independent trials 84% reported that Skinny Tan gave them smoother skin and less visible cellulite. InnovaDerma is a UK developer and marketer of beauty, personal care and clinically proven life science products. 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. The Company will announce its unaudited half year results for the period ended 31 December 2019 on Tuesday, 25 February. 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. 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. 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. You cannot print contents of this website. The Roots business saw revenues decline by 29% due to its predominant UK Retail focus. "We are excited to be launching the new limited-edition 'Choc' range for Skinny Tan, which will hit … The duo won the backing of two ‘dragons’, Kelly Hoppen and Piers Linney. 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 Notox Beauty Elixir was sold at full retail price and was our best-selling item. 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. 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. In context of the whole year, this has been fairly volatile and still trades at a very small market cap. In addition, we will be exploring options to strengthen the balance sheet to ensure the business is well-positioned for the future. 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, it added. 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. InnovaDerma has seen an exceptional performance of Skinny Tan in Boots Ireland. 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. Your email address will not be published. 20 November 2019. InnovaDerma PLC (LON:IDP) has launched a new +Choc' range of its Skinny Tan products across 680 Superdrug stores in the UK. Piers Linney and Kelly Hoppen, who own a 10pc stake, will retain their shareholding Contact. Performance Highlights Acquisition of Skinny Tan in Q2 2015 now fully integrated and generated strong revenue and profit growth The Charles & Lee business continues to grow and show its scale potential in Australia across both Retail and DTC, despite the pandemic. Full-year revenues of around £300,000 were up by about 39% on the year before. 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. Skinny Tan™: info@skinnytan.com ... 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. The new brand packaging is now being rolled out in the UK and the pricing repositioning will be fully implemented in January 2021. 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 (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 2020 brand launch coincided with the UK March lockdown and the company is therefore planning further in-store enhanced visibility over 2021. 86% reported a streak-free even result that didn’t dry their skin like other tanners. 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. Skinny Tan remains well positioned to perform with a strong roster of new products to be launched during 2021. Prolong is the world’s only FDA-cleared medical device for premature ejaculation. As with InnovaDerma’s leading brand, Skinny Tan, Nuthing can be extended to several other product lines in a similar manner. Derma PLC on Tuesday said it intends to focus on innovation in its recently started financial … By Oliver Haill. 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 mulling bolstering the balance sheet as new CEO looks to sharpen strategic focus. (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 owner InnovaDerma has announced it is to increase product innovation and launch into new categories following strong revenue growth for its financial year. 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 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. Unaudited half year results for the purpose of listing them on a recognised Stock Exchange and entered the US.! 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