Following a successful 2020, doctor-driven skincare brand 111SKIN has announced a partnership with Vaultier7.
Founded by US and European Board-Certified Plastic Surgeon, Dr Yannis Alexandrides, 111SKIN has remained a family-owned business without external investment since its inception in 2008.
“111SKIN has gained a global presence in the luxury sector through its unusual fusion of surgical knowledge, advanced formulas and medically-inspired delivery methods to thoroughly address skin concerns that are identified within 111 Harley St. This has expanded into 7 comprehensive ranges of products that cultivate skin health through efficacious formulas and results-driven rituals. 111SKIN will continue to grow its clinically-inspired categories through the launch of supplements, ampoules and liquid masks over 2021.”
“During 2020 111SKIN successfully pivoted our wholesale model to a higher mix of 43% digital business, with a 50% increase on 2019 sales and a quadrupling on the EBITA forecast for the year. This is the perfect time to partner with an ambitious, like-minded investor that can cement 111SKIN’s position as leaders in luxury innovation. We are thrilled to announce that new partnership is with Vaultier7.”
CEO of 111SKIN, Eva Alexandridis commented, “V7 share our passion for inclusive beauty and sustainable growth strategies, aligning with our vision of global expansion and pushing our category offerings to match consumer demand. We are so excited to embark on the next chapter of 111SKIN’s journey with them, which will include an aesthetic centre of excellence, sustainability & philanthropic initiatives and international expansion.”
Vaultier7 shared, “The brand’s mind-blowing results and innovative masking formats, have allowed Eva and Dr Yannis to build their brand organically, endorsed by opinion leaders across the globe. We are deeply excited to partner them in their significant global expansion plans and in sharing the brands values with even more customers worldwide.”
For more information on 111SKIN please visit their website here.
