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Innovative Lip Liner Brand Secures Major Investment for Expansion
Gloss Ventures, the company behind the TikTok-famous Sacheu Beauty lip liner, has secured a $15 million investment from Peterson Partners. Sacheu Beauty, known for its viral peel-off lip liner, generated over $40 million in revenue in 2024 and is projected to reach $100 million in the next few years. Brett Stohlton of Peterson Partners expressed excitement about collaborating with the Sacheu team to build a leading beauty brand. Quinn Roukema, CEO of Gloss Ventures, highlighted the partnership's role in expanding product categories, building the team, and scaling internationally. This investment underscores the brand's innovative marketing and technology, positioning it for significant growth in the beauty industry.
Avolta Expands into Tunisia, Enhancing Travel Retail in Key Airports
As global tourism has rebounded to pre-pandemic levels, Avolta (formerly Dufry), a leading travel retail giant, continues its geographic expansion by entering Tunisia. The company has secured a contract to open 15 duty-free shops across five major airports—Tunis-Carthage, Djerba-Zarzis, Sfax-Thyna, Tozeur-Nefta, and Tabarka-Aïn Draham—covering nearly 80% of the country's air traffic. These stores will offer a wide range of products, including perfumes, cosmetics, alcoholic beverages, and confectionery, along with Avolta’s specialized concepts like Mind, Body & Soul and Haute Parfumerie. Luis Marin, Avolta’s CEO for Europe, Middle East, and Africa, highlights this move as an entry into one of Africa’s most dynamic duty-free markets while strengthening their Mediterranean presence. Avolta operates over 1,000 locations in 73 countries, integrating international concepts with local uniqueness.
Travel Retail Giant Expands into Tunisia's Key Airports
Avolta, a leading travel retail company, is expanding into Tunisia, marking its entry into one of Africa's key duty-free markets. The company has secured a contract to open 15 duty-free shops across five major Tunisian airports, covering nearly 80% of the country’s air traffic. These stores will offer a wide range of products, including perfumes, cosmetics, liquor, and local specialties, alongside Avolta’s signature concepts like Mind, Body & Soul and Haute Parfumerie. Luis Marin, CEO of Avolta’s Europe, Middle East & Africa Region, emphasized the commitment to blending international offerings with local flavors. This move strengthens Avolta’s presence in Mediterranean tourist hubs and reinforces its global footprint, operating over 1,000 locations in 73 countries.