N.V. Perricone Cosmeceuticals prepares for growth
Press Release – 03/20/2006
Dr. Nicholas Perricone, Founder, Chairman and CEO of N.V. Perricone Cosmeceuticals, announced today the appointment of Shashi Batra to the position of President. Additionally, Dr. Perricone said that the Company has taken on growth capital from TSG Consumer Partners. "These are the first of many initiatives that will prepare the brand for growth toward the $200 million mark within the next few years." Dr. Perricone expects to make substantial investments in product development and marketing across all channels.
[…] The amount of TSG's investment in N.V. Perricone has not been disclosed. Michel Dyens & Co. advised N.V. Perricone on the transaction.