Amorepacific and Australian Beauty Group RATIONALE

| June 2, 2020 | 0 Comments

Amorepacific and Australian Beauty Group RATIONALE. Global beauty company Amorepacific Corporation (hereafter Amorepacific) announced a partnership with Australian luxury skincare company RATIONALE Group (hereafter RATIONALE or The Company) on 14 May 2020.

To strengthen its luxury portfolio, as well as to secure leadership in the personalized cosmetics category – one of Amorepacific’s future R&D priorities.

Amorepacific has acquired a significant minority share of RATIONALE Group, securing an advisory role and voting rights on the RATIONALE Board of Directors.

RATIONALE is an iconic skincare brand under its parent company, RATIONALE Group. With superlative products and services for personalized skincare regimens determined through skin testing and analysis.

Amorepacific and Australian Beauty Group RATIONALE

Amorepacific and Australian Beauty Group RATIONALE

The Company has recorded double-digit growth in its average annual sales over the past five years in Australia. RATIONALE is renowned for its Essential Six Collections – an array of sophisticated formulations that deliver environmental protection by day and repair at night.

Every Essential Six regimen is personalized in line with a treatment plan curated from a comprehensive suite of luxury facial services. RATIONALE is currently available in 15 Flagship locations, exclusively online at rationale.com, and via a network of approximately 50 Medical Agencies including renowned dermatologists and plastic surgeons.

Together with Amorepacific, RATIONALE aims to realize its global expansion plans across South Korea, the UK, the US, Hong Kong and Singapore by 2025.

Amorepacific will fully support and assist RATIONALE in scaling towards global expansion by sharing its international business acumen and strategic knowledge gained from years of experience and working synergistically on important decisions related to international operations through Board representation and ongoing advice.

The two companies will also explore the possibilities of joint research and development in the future.

The brand expects that this partnership with RATIONALE will help secure a local production base in Australia and strengthen its retail network, which will in turn provide a solid foundation for its operations in Oceania.

“With a truly shared innovation vision, together they will takea  personalized skincare solutions to a new level. Amorepacific will continue to look into M&A and partnerships with promising companies and secure opportunities for future growth,” said Saehong Ahn, Amorepacific President.

“There is an intuitive alignment between RATIONALE and Amorepacific, particularly with regard to their world-class innovation and simultaneous commitment to R&D.

Amorepacific and Australian Beauty Group RATIONALE

RATIONALE is acknowledged worldwide as the environmental skincare authority and leader in epigenetic research, and we are thrilled to be empowered to expand this vital work with Amorepacific,” said Richard Parker, RATIONALE Founder and Director of Research.

 

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Category: beauty, skincare

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Editor - A Beauty Feature Career working in London, Hong Kong, S.E Asia, China, USA and Australia. Licensed Beauty Therapist /Trainer in New York, Chicago, California and Australia. A Beauty Feature Editor since 2010 Examiner.com New York Beauty Correspondent since 2011

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