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Scott
Barnes Cosmetics secures private equity funding April 25, 2007 New York, April 25, 2007 – Scott Barnes Beauty (“S|B”), a luxury cosmetics Company created by celebrity make-up artist, Scott Barnes, today announced the closing of a round of equity financing. The investment was organized by Oryx Capital International, Inc., a private equity investment firm located in Illinois. The proceeds will be used for new product development, marketing and expansion of the Company’s retail distribution channels. Launched in 2004, the S|B line of products combines leading edge looks and formulation with contemporary sleek packaging and promotion to create a niche high-end cosmetics line. Today, the collection includes select and unique color cosmetics and treatment products, including the cult product body bronzer, Body Bling, infamously worn by Jennifer Lopez. Scott Barnes has received numerous accolades for his products, including being “Newcomer of the Year” by Women’s Wear Daily and “Best Beauty Gifts” for the Beauty Bento Box in 2005, by Glamour magazine. “We are excited to take an active role in helping to bring this exciting brand to a broader spectrum in the market place, said Nicole Korczak, Managing Director of Oryx Capital. We look forward to working with Scott and the rest of the Scott Barnes team to continue to launch new and innovative products and expand the company’s distribution channels.” Scott Barnes, founder of Scott Barnes Beauty, “We are confident that Oryx will be a strong partner for Scott Barnes Cosmetics and will support the continued growth and success of the brand. I have many wonderful visionary projects to pursue with their partnership.” The S|B line of products is currently available in select retailers including: Saks Fifth Avenue, Bloomingdales, Holt Renfrew, Selfridges, QVC.COM, www.victoriassecret.com and on the Company’s website, www.scottbarnes.com. In connection with the transaction, Kidron Corporate Advisors, LLC acted as financial adviser to Scott Barnes Beauty. |
Copyright:
Kidron Corporate Advisors LLC 2006 |