InnovaDerma, a UK developer of life sciences, beauty and personal care products has secured new e-tailer distribution deals, and it expects to have more by the end of the year.
InnovaDerma said Monday secured the distribution of Skinny Tan with two e-tailers in March, which are Feelunique, one of Europe’s largest online beauty retailers, and Lookfantastic.com, Europe’s No.1 retailer for beauty which attracts half a million unique visitors a month.
The company also said that the revenue growth achieved in the first half of the year has significantly accelerated in the second half of 2017. Trading in Q3 has been very robust with January and March achieving the highest-ever monthly revenues and subsequently delivering the highest ever quarterly revenues, said InnovaDerma in a press release, adding that it expects to secure further e-tailers in the last quarter of 2017.
Furthermroe, North America is performing as expected and the company’s DTC digital channel is contributing strongly to its performance.
In February 2017, the InnovaDerma acquired men’s skincare brand Charles + Lee and makeup brand Stevie K Cosmetics. It will launch Charles + Lee in Australia through its DTC platform in the first week of April and will roll out its products internationally during the course of this year and the next.
Haris Chaudhry, Executive Chairman of InnovaDerma said that the company is being sought after by market leading e-tailers and distributors which provides it with opportunities to expand further its reach and customer base. “We are thrilled by our positive progress, growth prospects, and look to the future with confidence,” said Chaudry.