A Charleston-centered magnificence products company is now below new possession just after becoming marketed to a Dallas investment decision organization.
Highlander Partners LP declared Oct. 8 that it acquired RMS Beauty, an natural cosmetics enterprise headquartered in West Ashley. Fiscal phrases have been not disclosed.
Rose-Marie Swift founded the manufacturer that bears her initials in 2009 as a chief in the thoroughly clean-attractiveness motion after dealing with overall health troubles from a long time of doing work as a makeup artist.
In her healing approach and study, she found that some of the harmful chemicals and significant metals in her process were being also identified in quite a few commonly used magnificence merchandise.
After rebuilding her wellbeing, Swift established an natural coloration cosmetic line.
Swift explained Highlander is a very good suit for her brand name.
“Around the several years, quite a few corporations have tried to make investments in our brand, but we’ve been self-funded and rewarding due to the fact day 1, and we were being in a position to be individual and wait for the perfect in shape,” she stated. “Highlander’s operational know-how and innovative approach to investing are one of a kind and unparalleled, and they think in our core ethos.”
The head of the Dallas expenditure agency claimed the firm has been wanting into the splendor and personal care section for about a few yrs.
“We believe that RMS is the pioneer and chief in clean up beauty and has considerable development prospects, while also giving us (the alternative) to develop a larger cleanse magnificence platform,” Highland CEO Jeff L. Hull mentioned in a prepared assertion. “It is our intention to keep on to expand in this category by means of extra acquisitions.”
David Olsen, a controlling director at Highlander, will quickly presume the role of CEO of RMS. He formerly was main govt of elegance retailer Cos Bar and world-wide vice president of Web-A-Porter.
He referred to as RMS a unique manufacturer with development probable.
“We intend to revamp the model, reinforce and grow RMS’ in depth retail interactions, generate the direct-to-purchaser small business, and increase and broaden the product or service assortment,” Olsen explained.
Elaine Sack, who has been directing the Charleston operation for years, will grow to be main strategic officer.