Breaking News

Dermasilk Assets for Sale

February 11, 2014

Tiger Group now accepting sealed bid offers

Tiger Group’s Remarketing Services Division is now accepting sealed bid offers for intellectual property, inventory and other assets of Biotech International Corporation, including its flagship DermaSilk brand, a leading line of anti-aging and skincare products. The sale is being conducted on behalf of First Niagara Bank NA, the secured creditor for Glastonbury, CT-based Biotech International.

 
Recognized as one of the Top-10 anti-aging products in the US, DermaSilk’s products are carried by such top retailers as CVS, Walgreens, Wal-Mart, Rite Aid, Sears and Kroger.


Assets being sold include popular product lines and trademarks for DermaSilk, formulas and customer lists. More than $1 million of finished goods will also be available for sale, along with thousands of units of packaging and displays. The assets are being offered for sale on a turnkey basis or in any combination.  Sealed bids will be accepted through 5:00 p.m. EST, February 19.


DermaSilk targets the $2.2 billion U.S. anti-aging skincare market, one of the fastest growing sectors in the $96.5 billion global skincare market. Successful lines up for bid include DermaSilk 5 Minute Face Lift, 90 Second Eye Lift, Flawless, Ultimate Face Lift, DermaSilk Triple-Sculpting cream, DermaSilk 30 Second Neck Lift, and DermaSilk 1 Minute Collagen Lift.  The popularly-priced products retail in the $19.95 to $39.95 range.


“Health and beauty companies, or other businesses with skincare and cosmetic lines will be interested in this unique opportunity for a brand that ranked sixth domestically in a category that includes such names as Oil of Olay, L’Oreal and Neutrogena,” said Andy Babcock, Tiger Group’s Director of Inventory Strategies. “Demand for DermaSilk continues to be robust.”

 
More info: http://auctions.tigergroupllc.com/cgi-bin/mndetails.cgi?tigergrp105. To arrange for a viewing of the inventory, contact Andy Babcock, ababcock@tigergroup.com or Robert Indiviglio, rindiviglio@tigergroup.com.
 

Related End-User Markets:

blog comments powered by Disqus
  • Why Look Good, When You Can Look Perfect?

    Why Look Good, When You Can Look Perfect?

    Tom Branna, Editorial Director||April 4, 2016
    A new way to try-before-you buy is capturing the attention of consumers and the beauty industry.

  • NYSCC Explores Product Innovation

    NYSCC Explores Product Innovation

    Christine Esposito, Associate Editor||March 14, 2016
    New product development, formulation expertise and proper preservation are topics of discussion at February monthly meeting.

  • Battling Pollution via Skin Care

    Battling Pollution via Skin Care

    Christine Esposito, Associate Editor||March 7, 2016
    Canadian start-up turns to crowdfunding to help launch a new anti-pollution moisturizer.

  • I Want It All

    I Want It All

    Melissa Meisel , Associate Editor||May 2, 2016
    Skin care moves beyond the basics with pampering formulations with unique components and novel functions.

  • Wacker Builds on Its Success

    Wacker Builds on Its Success

    Tom Branna, Editorial Director ||May 2, 2016
    The silicone maker had a good 2015 and expects the gains to continue in 2016, driven, in part, by success in the Americas and

  • That’s Awesome!

    That’s Awesome!

    May 2, 2016
    Extracts & Ingredients highlights the newest ideas in efficacious oils for the personal care market.