SKKY Partners, the consumer-focused private equity firm co-founded by Kim Kardashian and Jay Sammons, has acquired a significant minority stake in skincare brand 111Skin for an undisclosed amount.
The investment will help the UK-based company expand its direct-to-consumer business, as well as push further into Asia and North America.
“We are excited to join forces with visionary partners that will help us write the future success story of our brand.” co-founders Dr Yannis and Eva Alexandridis said in a statement.
With 111SKIN CEO Vanessa Goddevrind adding: “The SKKY Partners team has tremendous experience working with distinctive, growth-oriented brands. They are passionate champions of our core values and share our drive for excellence.”
David Brisske, SKKY Partners Managing Director, said: “Eva, Yannis, Vanessa, and the 111SKIN team have created and nurtured a coveted brand with world-class products and a loyal customer base, which fits perfectly with SKKY’s strategy.”
“111SKIN has a strong foundation and significant ongoing potential, and we are honoured to partner with the founders and leadership for the next phase of growth.”
111SKIN is currently available in Harrods, Harvey Nichols, Liberty, Selfridges and SpaceNK in the UK.
About 111SKIN…
111SKIN is a luxury skincare brand founded by Dr. Yannis Alexandrides, a renowned plastic surgeon, and Eva Alexandrides.
The brand is based on creating high-performance, science-led skincare products that address various skin concerns.
Their formulations are inspired by Dr. Yannis’s experience in surgery and healing, with products incorporating cutting-edge ingredients like NAC Y2, a patented complex designed to improve skin resilience, repair damage, and reduce signs of aging.