“We are impressed by Element’s development on the Danish market and how well run the company is. Our target is to become the leading cosmetics brand building company in Denmark as well, and the acquisition of Elements is a great step towards that target. With the integration of Elements into Scandinavian Cosmetics we will not only strengthen our presence in Denmark but also become a stronger collaboration partner for both brand owners and retailers in all Scandinavian markets.”, says Joakim Johnsson, CEO of Scandinavian Cosmetics Group.“We are very excited about this opportunity. The perfect match, you could say. Size matters in a strong competitive market and by matching size with our creativity and out-of-the-box mindset we can stay ahead and be an even stronger partner for our brands and customers, says Lone Bjørn Nielsen, CEO of Elements Group. “Together we are stronger!”
For further information, please contact:
Joakim Johnsson, CEO at Scandinavian Cosmetics Group, +46 70 666 51 46
Lone Bjørn Nielsen, CEO Elements Group, +45 60101549
About Scandinavian Cosmetics:
Scandinavian Cosmetics Group is the leading Nordic brand management company within high-end cosmetics, representing more than 100 brands in Sweden, Norway and Denmark. The company has a key role in the whole value chain for luxury and semi-selective brand owners, offering brand building, marketing services, category management and distribution services to a sales network consisting of retailers, fashion houses, concept stores, pharmacies and e-commerce. www.scandinaviancosmeticsgroup.com