Beauty licensing company Boldface closes $2M financing deal
SANTA MONICA, Calif. — Boldface Group — a celebrity beauty licensing company that focuses on entertainment and designer opportunities in the market, including the "Khroma Beauty by Kourtney, Kim and Khloe Kardashian" brand — closed on $2 million in financing, the company has announced.
"The closing of this private placement is the next major milestone for Boldface after a strong holiday season and our brand introduction to 4,500 doors. This additional capital assures a solid launch into market in the first quarter of 2013 with the core items in its ‘Khroma Beauty by Kourtney, Kim and Khloe Kardashian’ brand," stated Nicole Ostoya, CEO and president.
Mustela develops new Stelatopia Lipid-Replenishing Balm
NEW YORK — Mustela, a baby care and stretch marks brand, is expanding its line of dermo-pediatrics products with the new Stelatopia Lipid-Replenishing Balm.
Specially formulated to address the needs of babies whose skin is more vulnerable, this hydrating formula promises to alleviate sensitivity, relieves itching and soothes extremely dry, irritated, eczema-prone skin. Eczema is one of the most common skin problems in babies and can be triggered by a variety of factors, including a hereditary predisposition, allergens or cold, dry weather. The best barrier is to keep the skin hydrated and protected.
For those already familiar with Stelatopia Moisturizing Cream, Stelatopia Lipid-Replenishing Balm is an alternative offering with a richer texture to soothe extremely dry skin for immediate relief and comfort, the company stated. Stelatopia Lipid-Replenishing Balm is formulated with Mustela’s natural, patented active ingredient — sunflower oil distillate. Sunflower oil in its natural state contains significant quantities of essential fatty acids that are known to improve skin barrier function and has been used for centuries to treat skin conditions. Mustela’s sunflower oil distillate is obtained using an exclusive two-step extraction and molecular distillation process to yield an ingredient that is concentrated in tocopherols, phytosterols and essential fatty acids, while remaining free of proteins, making it extremely well-tolerated and safe for those with nut allergies, the company stated.
Stelatopia Lipid-Replenishing Balm has earned the National Eczema Association seal of acceptance, a stamp of approval that recognizes products proven to increase the quality of life for people with these conditions.
Stelatopia Lipid-Replenishing Balm is available January 2013. The suggested retail price is $22.
Inter Parfums, Alfred Dunhill ink fragrance deal
NEW YORK — Inter Parfums has entered into a 10-year exclusive worldwide fragrance license to create, produce and distribute perfumes and fragrance-related products under the Alfred Dunhill Limited (“Dunhill”) brand.
The agreement commences on April 3, 2013 and replaces a previous license agreement with Procter & Gamble that terminates on that day. Inter Parfums will take over production and distribution of the existing Alfred Dunhill fragrance collections. Sales of current fragrances are planned for Spring 2013 and a new men’s scent is contemplated for 2014, the company stated.
The house of Alfred Dunhill was established in 1893 and features core collections offered in menswear, leather goods and accessories. The brand has global reach through a mix of self-managed retail outlets, department stores and specialty retailers.
“We are enthusiastic about collaborating with this premier British brand and building the Alfred Dunhill fragrance enterprise into a major aspirational fragrance brand. Upon assuming responsibility for the brand, we will fine-tune the current fragrance portfolio, which includes fragrances dating from 1934 to 2011. The new men’s scent planned for a 2014 launch will be supported by a distribution strategy that recognizes and utilizes Alfred Dunhill’s luxury positioning, along with brand appropriate marketing materials and a media campaign,” stated Jean Madar, chairman and CEO of Inter Parfums.