Cosmeceuticals Sales Soared 77% in 2003
Reported within their latest press release, North Castle Partners, LLC, stated "Cosmeceuticals, a relatively new segment that straddles the cosmetic and medical sectors, is the fastest growing category in the personal care industry. According to NPD Group, traditional skin care sales in department stores grew six per cent while sales of cosmeceuticals brands soared by 77 per cent in 2003. Datamonitor projects future overall growth of the cosmeceutical category to be in excess of 20% per year."
About North Castle Partners
North Castle Partners, LLC, is the leading private equity firm focused exclusively on the Healthy Living & Aging marketplace. To date, it has invested more than $800 million of equity in over 40 companies that have been consolidated into nine industry-leading platforms: fitness clubs; active lifestyle nutrition; healthy beverages; day spas; complementary and alternative medicine; vitamins, minerals and supplements; natural personal care; adventure and luxury travel; and behavioral health services. www.NorthCastlePartners.com.
"North Castle Partners Acquires Controlling Interest in HDS Cosmetics Lab, a Leading Maker of Cosmeceutical Skin Care Products." NPIcenter 08 04. 2004. 12 04. 2004 [http://www.npicenter.com/index.asp?action=NBViewDoc&DocumentID=5930]
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