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Unquote
  • Expansion

FRANCE - Naxicap invests in Nuxe

  • frowell
  • 30 September 2008
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Naxicap Partners has taken a minority stake in cosmetics company Nuxe.

Nuxe focuses on the development of innovative natural cosmetic products through its laboratory, which has registered 22 patents and produced eight flagship brands, including Nirvanesque our Merveillance. The Parisian company was originally founded in 1957 and was taken over by current president Aliza Jabès in 1989.

Nuxe achieves annual turnover of EUR 86m, EUR 31m of which is generated abroad. The new investment will support the company’s ongoing geographic expansion plans.

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