1 Jun 2017 07:00
InnovaDerma PLC
("InnovaDerma" or the "Company")
Skinny Tan secures distribution deal with Boots Ireland
InnovaDerma (LSE: IDP), a UK developer of life sciences, beauty and personal care products, provides the following update.
Boots Ireland
The Company is pleased to announce it has secured a distribution deal with Boots Ireland for Skinny Tan. Skinny Tan will initially be stocked in at least 35 of the largest Boots stores across the Republic of Ireland.
Boots Ireland is a leading pharmacy-led health and beauty retailer with 80 Boots Ireland stores and just over 2,000 employees*.
Current trading
Trading continues to be very strong and revenue growth has continued on its positive momentum with May achieving the highest-ever monthly revenue. The Company will provide a pre-close trading update on 19 June 2017.
*As of 2015
Haris Chaudhry, Executive Chairman of InnovaDerma said:
"We are really delighted to have secured Boots in the Republic of Ireland which is a new territory for Skinny Tan and we look forward to significantly expanding our retail distribution footprint to new retailers throughout our key markets. The deal underpins the success of our go to market strategy, our demonstrated expertise in creating footfall to retailers and the strength of our flagship brand. The opportunities that exist within the business combined with our ability to expand into new markets are very exciting and the Board looks to the future with increasing confidence."
Further enquiries:
InnovaDerma Haris Chaudhry/Joe Bayer |
+61 (0)3 9111 0071 |
Sole broker Hybridan LLP Claire Noyce |
+44 (0)203 764 2341 |
Cardew Group Shan Shan Willenbrock David Roach |
+ 44 (0)20 7930 0777 |
About InnovaDerma:
InnovaDerma PLC (LSE: IDP) specializes in the research, manufacture and marketing of clinically proven products in life sciences, beauty and personal care products. InnovaDerma has presence in the UK, US, Australia, New Zealand, Philippines, South Africa, Hong Kong and South Korea.
www.innovaderma.com