Acquisition of Perfect 10 poises Imbalie Beauty for long-term sustained success
6 March 2012, Johannesburg. JSE-listed Skinwell Holdings Limited has announced its acquisition of the Perfect 10 franchise. The announcement was made simultaneous to Skinwell launching its new name and brand, notably that of “Imbalie Beauty”. Speaking at the Johannesburg Stock Exchange (JSE), CEO of the newly named Imbalie Beauty Esna Colyn explained how the group’s new name would better reflect its status as a multiple-branded beauty franchisor. “The word ‘Imbalie’ is derived from the Zulu word for flower. As such, it is appropriately symbolic of our group’s holistic and comprehensive beauty offering which encompasses skincare, nail care, hair care and various other beauty products and services.” She added that the new name and brand also spoke of the potential inherent to the group, “While we’ve been able to announce very positive developments today, we remain extremely cognisant of the fact that our journey towards sustainable and profitable success is still in its early stages. O...