Perricone skin care recently acquired for $60 million

1Professor · ‎12-07-2014

I have been a fan of Dr. Perricone products.

Just found out that a holding company THG, The Hut Group, acquired 100% of Perricone at the end of September 2020. $60 million. A UK-based group.

The group wants to expand its portfolio to luxury skin care? There are pay walls on the recent articles, so my information is limited.

Anyone know more? @World Traveler?

Concerned, of course, for what happens to the products as Dr. Perricone and his lab are no longer a part of the new Perricone, though I assume they want to maintain quality. Perhaps Dr. Perricone had already sold his participation earlier (often happens before a major acquisition).

Does Dana stay? Limits her usual statements that state affirmative lab involvement with Dr. Perricone.

January121 · ‎03-21-2010

WOW .... 60 million is a lot of money but, does not seem enough for the Perricone company ?????

1Professor · ‎12-07-2014

@January121 wrote:
WOW .... 60 million is a lot of money but, does not seem enough for the Perricone company ?????

@January121 Exactly what I had been thinking.

Also, wondering if the buyer will keep the contract with the Q.

L'Oreal paid $1.2 BILLION for IT.

World Traveler · ‎02-02-2015

@1Professor This is the first I have heard of this. Oh, dear me.....things don't always go well when a company is bought out. Formulas change, for one. Bummer! So sad if my beloved cold plasma products undergo a change in formula. And, of course, those wonderful serums.

1Professor · ‎12-07-2014

@World Traveler wrote:
@1Professor This is the first I have heard of this. Oh, dear me.....things don't always go well when a company is bought out. Formulas change, for one. Bummer! So sad if my beloved cold plasma products undergo a change in formula. And, of course, those wonderful serums.

@World Traveler

It explains why we haven't seen much of Perricone the last six months. One short show with Dana.

So, I do wonder, since the part of the article I could read said they wanted to acquire high end brands, if this UK company will want to keep a partnership with the Q.

Cold plasma was, in my view, one of their innovative products that wasn't the same in any other skin care line.

And I'm a total fan of Super8 Greens, a daily ritual. Of all the powdered greens out there, this one has a better combination of ingredients, including probiotics.

RespectLife · ‎02-27-2012

@World Traveler wrote:
@1Professor This is the first I have heard of this. Oh, dear me.....things don't always go well when a company is bought out. Formulas change, for one. Bummer! So sad if my beloved cold plasma products undergo a change in formula. And, of course, those wonderful serums.

This is NOT the first time he has been 'sold' or 'acquired'...it is at least the 3rd.
My BF worked at the Perricone Headquarters In Meriden, CT for 20 yrs before the last buyout by Lion Capital.. Lion closed the CT headquarters and laid off everyone. They were then running headquarters out of SF but no one was offered a transfer.

I do know Dana personally called almost every employee at the CT office to say she was sorry and wish them luck. She is/was only a leased employee for the QVC promos, paid per performance. She didn't live in CT OR work at the lab/headquarters where Dr. P used to create his product.

1Professor · ‎12-07-2014

@RespectLife

So grateful for your information.

Some companies I follow closely, but I regret that I know nothing about what's behind the doors of other companies, whose products I use.

It seems that the doctor has been paid for his name/face/reputation [only] for years; not working in the lab or developing products.

It does seem that this latest acquisition was a low price, considering what other skin care or cosmetics are going for when acquired. Does that, I wonder, foretell something going on behind the doors or reflect current marketing #s.

1Professor · ‎12-07-2014

@World Traveler

The backstage info from @RespectLife about Perricone over the years has got me thinking about products where it seems the founder/developer is still WITH the product.

You are and I both enjoy WEN and Chaz is hands on, hands in the cleanser, on the hair, sharing his joy for each new product. (I suspect he does not want to be acquired.) Tweak'd is likewise shown by Denis the developer who shares a delight in his products. Dr. Lancer, still working at his LA office with customers, showing the products he has clients use. Tatcha sold out, no longer see the owner/developer.

World Traveler · ‎02-02-2015

@1Professor I too use the Perricone's Super Greens. I got the lime this past order. Use it every day when I take my Andrew Lessman vitamins. It is a very tasty drink and I don't mind taking it at all. Some "greens" drinks are kind of blah, but I am enjoying this lime version of his (didn't mind the original either!).

I'm not going to jump to conclusions (yet) and for now assume I will be able to continue purchasing my favorite cold plasma products for the eye, face, and neck. I love all three of them. I notice immediately when I don't use them in the morning.

On a trip to Europe one summer, I went six weeks without my jars of plasma, to see how I would fare without them and to lighten the suitcase load. I was so sorry I did that.

Nothing beats cold plasma before putting anything else on the face. Was glad when I got home to be using them again. There is just something my skin needs that cold plasma takes care of. It really nourishes my skin!

1Professor · ‎12-07-2014

@World Traveler wrote:
@1Professor I too use the Perricone's Super Greens. I got the lime this past order. Use it every day when I take my Andrew Lessman vitamins. It is a very tasty drink and I don't mind taking it at all. Some "greens" drinks are kind of blah, but I am enjoying this lime version of his (didn't mind the original either!).

I'm not going to jump to conclusions (yet) and for now assume I will be able to continue purchasing my favorite cold plasma products for the eye, face, and neck. I love all three of them. I notice immediately when I don't use them in the morning.

On a trip to Europe one summer, I went six weeks without my jars of plasma, to see how I would fare without them and to lighten the suitcase load. I was so sorry I did that.

Nothing beats cold plasma before putting anything else on the face. Was glad when I got home to be using them again. There is just something my skin needs that cold plasma takes care of. It really nourishes my skin!

@World Traveler

Just saw a new not-presented 3-pack of cold plasma.

Do you use all 3 (serum, eyes, neck)?

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