Nails Inc, a prominent British nail care brand founded in 1999 by entrepreneur Thea Green, has been acquired by the private equity firm Pacific World Corporation. The acquisition, announced on Monday, aims to enhance the brand's focus on the North American market, which currently accounts for 50% of its combined revenues.
Key Takeaways
Acquisition Details: Nails Inc has been acquired by Pacific World Corporation, although financial terms remain undisclosed.
Market Focus: The acquisition will allow both Nails Inc and its sister brand, Holler & Glow, to concentrate on expanding their presence in North America.
Growth Potential: Pacific World Corporation's managing director highlighted the "incredible potential" of Nails Inc, emphasizing its commitment to rapid product innovation.
Background of Nails Inc
Founded in 1999, Nails Inc has established itself as a leader in the nail care industry, known for its premium products that cater to a diverse clientele. The brand has consistently pushed the boundaries of nail care, introducing innovative products that resonate with consumers.
The Role of Pacific World Corporation
Pacific World Corporation, the parent company of Prospect Capital, sees significant growth opportunities in the nail care sector. The managing director, Bart J. deBie, expressed confidence in Nails Inc's ability to innovate quickly and effectively, which aligns with the firm’s strategic vision.
Sister Brand: Holler & Glow
In addition to its flagship brand, Nails Inc also owns Holler & Glow, which specializes in affordable bath and body products. The acquisition is expected to benefit both brands as they leverage their combined strengths to capture a larger share of the North American market.
Future Prospects
With the acquisition, Nails Inc is poised to enhance its product offerings and marketing strategies in North America. The focus will be on:
Product Innovation: Continuing to develop new and exciting products that meet consumer demands.
Market Expansion: Increasing brand visibility and accessibility in North American retail spaces.
Consumer Engagement: Strengthening relationships with customers through targeted marketing campaigns and social media engagement.
Conclusion
The acquisition of Nails Inc by Pacific World Corporation marks a significant milestone for the brand, positioning it for future growth in a competitive market. As the company shifts its focus to North America, industry experts are optimistic about the potential for innovation and expansion in the nail care sector.
Sources
Nail Care Brand Nails Inc Acquired by Private Equity Firm | BoF, The Business of Fashion.