Paris — Ohana & Company held a “Shark Tank”-style morning lecture at its Paris headquarters.
Karine Ohana, who runs an independent investment bank with her brothers Ariel and Laurent Ohana, hosted Thursday's event titled “New Beauty and Lifestyle Brands in the Game.”
Investors in attendance included Carla Ruiz, Shiseido's executive vice president of global M&A and LIFT Ventures. Preska Anne, global investment director for L'Oréal's venture arm, Business Opportunities for L'Oréal Development (BOLD). Harry Richards, investment director at Manzanita Capital. Karim Abbas, Founding Partner of Aurea, and Laëtitia Zemiro, Luxury, Fashion, Lifestyle and Innovation Investor at Mirabaud Group.
The first person to take the stage was Gerard Cam, CEO and founder of Element Eight, a luxury oxygen skin care brand launched in November 2022. Last year's revenue was just under $1 million. Then, in early 2024, Element Eight will enter his six Nordstrom doors, each of which will include five products and cost more than $100,000, according to Kam. It's a schedule.
Eight Active's eye serums and creams are the brand's hero products, accounting for 70% of its sales. The franchise's face cream was launched this week and is in the process of being rolled out in retail stores.
“This year it will probably reach $4 million.” [net] Sales,” Came said. “We are in the midst of a Series A round of funding. We are looking to raise $6.25 million. We have $2 million in commitments, of which $1 million has been raised so far. I am.”
Element Eight's debut series.
andrew macpherson
In November 2022, the brand closed a $6 million funding round, bringing its total funding to date to $7.9 million.
L'Atelier Parfums co-founders Mikolaj Pietrzak and Marcia Rusak talked about the brand they launched in 2021. “Atelier Parfum is a creator of emotions,” says Pietrzak, adding that it is also an all-encompassing brand at the gateway to luxury perfumery.
L'Atelier Parfum is currently sold in approximately 400 stores in more than 25 countries. At Sephora in Asia, Coeur de Pétales is the brand's best seller.
“We are now the number one brand at Sephora Hong Kong,” Mr Rusak said. L'Atelier His Parfum is scheduled to launch in mainland China this year, but South Korea and the US are also within its reach.
L'Atelier Parfum's second boutique will soon open in Paris on the corner of Rue Rivoli and Rue Castiglione.
“We were profitable from the first year,” Russac said, adding that the company is scheduled to close its financial year in March with net sales of nearly 4 million euros, equivalent to about 18 million euros in retail sales. Ta.
“Our goal is to become a global brand,” she continued. As such, L'Atelier Her Parfums is expected to begin fundraising within the next six months.
On the hair care side, Mon Shampoing founders Patricia and Remy Debrun introduced their natural, customizable brand about five years ago.
“You can customize your shampoo and conditioner based on your hair type by easily adding a small amount of booster,” says Remy Debrun. He has 7 boosters, one for each hair type. He also has other products such as masks and serums.
Mon Shampoing's website already has more than 50,000 orders. The brand has around 200 points of sale, including eight Galeries Lafayette department stores, and ships to Europe. We recently opened offices in Mauritius and La Réunion. In the US, Mon Shampoing sells it through their website.
Cash flow is positive. “What we want to do is … grow and accelerate, invest in customer acquisition and retail,” DeBrant said. “We are in the process of finalizing our funding round. We have already committed €1.5 million and are ready to welcome even more people with $500,000.”
In Amsterdam, Pedro Principe and Nathalie Manibong co-founded Cocon, which offers luxury spa services in the home, three years ago. To date, its turnover is around 3.2 million euros.
“We unite health and beauty,” said Cocon CEO Principe, adding that the company not only offers masseuses and products, but also massage beds. “This allows us to hire the best therapists.”
Cocon has already performed more than 90,000 treatments at its home base. In less than two years, his top customers have booked 103 treatments and spent around 18,000 euros. Cocon also operates a spa, which has moved to existing locations in the Netherlands and recently expanded to London.
Sales in 2023 exceeded 1 million euros. Mr. Principe and Mr. Manibong plan to begin dialogue with investors soon.
