“We look forward to integrating the team and working together on new strategic moves to further grow in Germany and UK. “For us, this is another step toward our goal to become a strong personal care player throughout all the most strategic European countries,” he noted.
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“The move to divest the German Lornamead business and the UK brands follows a strategic review of Meiyume’s overall services and allows the beauty company to focus on providing packaging, turnkey, retail solutions and insights to help beauty players transform,” the company said in a statement.įabio Granata, Sodalis’ Chief Executive, meanwhile, said the takeover was a strategic move as it backs the swelling beauty markets in Europe. Compact And Portable Coin Purse: Semicircular Mini Coin Purse, Great Used As Coin Purse, Cosmetic Pouch, Or Use To Store Little Things For Traveling. The divestiture leaves Meiyume, part of the Fung group, with Simple, Cidal, Wrights, Vosene, Witch and Bristows in its UK portfolio. CosmeticOBS-The Cosmetics Observatory is the leading source of information for the. Meiyume, which is based in China, will keep hold of Lornamead’s US business, according to WWD. CosmeticOBS : 1st independent portal dedicated to cosmetics since 2008.
UK brands Brisk, Rapid White and Triple Dry will transfer to the business as Sodalis invests in its British foothold.Įstablishing its first subsidiary in Germany, Sodalis has also acquired the German arm of Meiyume’s Lornamead. A post shared by Meiyume health and beauty manufacturer Sodalis is building a stronghold in the European market with the takeover of four beauty brands from Meiyume.
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