British luxury organic beauty brand The Organic Pharmacy has been acquired by Italian dermocosmetics maker Instituto Ganassini S.p.A di Ricerche Biochimiche.
WHO: The Organic Pharmacy was founded by Margo Marrone and her husband Franco in 2002. The British business is a luxury organic health and beauty brand consisting of 300 stock keeping units with a category expansion for makeup planned for September. The brand is present in 28 countries, with four directly operated stores in London and two in the United States (New York and Los Angeles).
The Ganassini Institute of Biochemical Research was founded in 1935 and is active in the sale of dermocosmetics. It has offices in Milan, Barcelona, Marseilles, and New York, a presence in 60 countries worldwide, and a turnover of €135 million in 2016.
WHY: The acquisition of The Organic Pharmacy is consistent with Istituto Ganassini’s pharmaceutical roots and the belief that the client should have the best products and treatments available. Through this acquisition, the Group enters in the highest growth segment of organic products. Today, the brand has four directly managed stores in the UK, its largest market, and two in the US, its second largest, where one is on New York’s Bleecker Street and the other on Los Angeles’ North Beverly Drive.
IN THEIR OWN WORDS: Domenico Ganassini, Chairman of Istituto Ganassini, comments, “We believe that The Organic Pharmacy has a strong growth potential … with the help of our resources we can expand The Organic Pharmacy ethos and make it available worldwide.”
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