AUSTRALIA/US. Triarc Companies has acquired a 25% equity interest in Jurlique International, the privately-held Australian skin and health care products company, for approximately US$25 million.
Jurlique, which enjoys an increasingly active business in the Asia Pacific and Americas duty free business, manufactures skin and health care products from natural, plant-based ingredients.
Jurlique’s products are sold through a number of channels in Australia and the US, including company-owned stores, wholesale accounts such as spas and beauty salons, department stores, franchised stores and duty free outlets.
Triarc Companies is a US holding company and, through its subsidiaries, the franchisor of the Arby’s restaurant system and owner of approximately 235 Arby’s restaurants in the US. The brand has approximately 3,400 restaurants worldwide and is the tenth largest quick service restaurant chain in the US.
Triarc said it is “reviewing its options to deploy its substantial liquidity through, among other things, acquisitions, additional share repurchases and investments, with the goal of further increasing shareholder value”.
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New listings, better customer communication and the first travel retail exclusives are set to further strengthen Jurlique’s presence in the channel as the year progresses. |
Commenting on the acquisition, Triarc’s Chairman and Chief Executive Officer, Nelson Peltz, said: “With its unique franchise of natural health and beauty products, we believe that Jurlique is a brand capable of continued growth. As a result, we expect the value of our Jurlique minority interest to grow over time.”
A Jurlique spokesman said: “North America is currently one of Jurlique’s biggest international markets and an important growth market for us. Triarc brings a wealth of knowledge, experience and contacts to the company so we are very excited to have Triarc as a new shareholder.”
Jurlique in travel retail: Organic beauty brand Jurlique has made impressive strides in the travel retail channel in recent times, in conjunction with its worldwide duty free agent Escale Group. New listings, better customer communication and the first travel retail exclusives are set to further strengthen its presence in the channel as the year progresses.
“We see travel retail as a huge opportunity,” Jurlique CEO Martin Green told The Moodie Report at May’s TFWA Asia Pacific show. “We are targeting selected international airports both in and outside Asia.”
Earlier this year Jurlique obtained its first inflight listings, onboard Cathay Pacific and Dragonair. The products carried are a Lavender Hand Cream duo, and an Herbal Recovery Gel/Pure Rosewater presentation, described by the company as ideal entry level/introductory products. US and South American carriers are also inflight targets.
At Hong Kong International airport, Jurlique’s profile – and sales – continue to climb. In May the brand became the exclusive spa supplier within Temptation, Nuance-Watson (HK)’s specialist beauty operation. And Jurlique has also implemented a special spa programme for cabin crew, whereby they are eligible for a free treatment with the purchase of any Jurlique item.
The company is working on creating its first travel retail exclusive sets. These will be previewed at this October’s TFWA World Exhibition in Cannes.
MORE STORIES ON JURLIQUE INTERNATIONAL
Jurlique steps up travel retail focus – 24/06/04
Jurlique set for IAADFS debut – 29/02/04
