Breaking News

Inter Parfums To Acquire Stake in Nickel SA

November 14, 2005

Inter Parfums Inc.’s Paris-based unit, Inter Parfums SA, signed a letter of intent in December to buy a 64% interest in Nickel SA for about $6 million in cash. The acquisition is intended to give the company a position in men’s skin care products and services.

Inter Parfums executives said the company expects the agreement to close in the first quarter, subject to certain due diligence procedures.

The letter of intent cites a provision for a follow-on cash infusion by Inter Parfums SA of $3.7 million, which would be used to expand Nickel spa locations and increase Inter Parfums SA’s ownership to 74%. Additionally, minority shareholders would have the right to sell their remaining interest in Nickel to Inter Parfums SA between Jan. 2007 and June 2007.

Nickel maintains spas focused exclusively on male consumers and skin care products for men. For the 12 months ending March 2004, Nickel executives forecasted sales of almost $6.1 million, a 50% increase from the previous year’s period. After the acquisition is finalized, founder Philippe Dumont will continue as president of Nickel, company executives noted.
  • Fit for Fitness

    Fit for Fitness

    Christine Esposito, Associate Editor||February 21, 2017
    Kinx Active is a new brand targeting women who want beauty products that can stand up to their fitness routines.

  • Cargo Says Aloha To Spring/Summer

    Cargo Says Aloha To Spring/Summer

    Christine Esposito, Associate Editor||February 13, 2017
    Cargo Cosmetics has rolled out its new Spring/Summer collection with Hawiianan singer Anuhea.

  • Cashing In on Coconuts

    Cashing In on Coconuts

    Melissa Meisel, Associate Editor||February 6, 2017
    Organic to Green is making waves for its new oils and eco-friendly packaging.

  • Trade Association Directory 2017

    February 2, 2017
    Contact details of trade associations that serve various segments of our industry and are mentioned frequently in Happi.

  • What the Halal  Is Going On?

    What the Halal Is Going On?

    Imogen Matthews , In-Cosmetics||February 2, 2017
    Demand for these beauty products is surging thanks to a fastgrowing Muslim population.

  • Relief for Sensitive Scalps

    Relief for Sensitive Scalps

    Guadalupe Pellon and Annette Mehling , BASF||February 2, 2017
    BASF researchers detail the attributes of the company’s highly effective hair care system focusing on scalp sensitivity.