THE WHAT? PCA Companies has announced the acquisition of the US wholesale division of Space NK – its first foray into the world of retail. The global beauty platform did not disclose financial terms of the deal.
THE DETAILS According to a report published by WWD, the unit, which serves some 600 points of distribution across Bloomingdale’s, Nordstrom, Hudson Bay and its own Walmart and Beauty SpaceNK collab, will be renamed in the US but otherwise continue to operate as usual.
THE WHY? Andy Lightfoot, Space NK CEO, told WWD, “We’ve grown a lot, but we have seen a number of opportunities that we couldn’t fully capitalize on because of the scale of the business in the US. We saw [the US and UK] businesses becoming more and more differentiated, and the benefits we had leveraged earlier were being diminished, so it was a natural division.”
Clinical aesthetics products refer to a category of products used in the field of medical aesthetics or cosmetic dermatology. These products are typically designed and formulated to be used under the supervision of healthcare professionals, such as dermatologists, plastic surgeons, or trained aestheticians. They are distinct from over-the-counter cosmetics in that they often contain active ingredients or formulations that require expertise in their application or administration.
Examples of clinical aesthetics products include:
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Dermal Fillers: Injectable substances used to add volume, smooth wrinkles, and enhance facial contours. Examples include hyaluronic acid fillers like Juvederm and Restylane.
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Botulinum Toxin (Botox): Injectables that temporarily paralyze facial muscles to reduce the appearance of wrinkles caused by repetitive movements, such as frown lines and crow's feet.
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Chemical Peels: Solutions applied to the skin to exfoliate and improve its texture. They can treat acne, pigmentation issues, and signs of aging.
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Laser and Light Therapies: Devices that emit focused light or laser energy to treat various skin conditions, including acne, scars, and signs of aging.
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Prescription Skincare Products: Formulations containing active ingredients like retinoids (vitamin A derivatives), hydroquinone, or prescription-strength antioxidants to address specific skin concerns under medical supervision.
