How Allies of Skin went from startup capital of S$250,000 to S$26 million in annual revenue
Having raised S$20 million from a Los Angeles private equity firm, the skincare brand is eyeing a major expansion in the US
Add BT as a preferred source
FRESH on the scene as a skincare company in Singapore eight years ago, Allies of Skin founder and chief executive officer Nicolas Travis thought the only way he could make it big was to go international from day one.
“As a local brand, we have to venture out overseas before we’re taken seriously; that’s just how it is,” he told The Business Times over a video call from Berlin, where the company is now headquartered.
“And the truth of the matter is also, Singapore is still – even though we are a very rich country – a really small market.”
TRENDING NOW
Tiger Brokers, Moomoo, Longbridge Singapore units ‘financially independent’ amid China crackdown: MAS
Yeo’s, Tiger Beer and now Gardenia – flight of food manufacturing from Singapore might be just as planned
Johor property old hand KSL readies family handover amid market boom
As India and China surge ahead with nuclear energy, all eyes on Asean’s next move
