THE WHAT? The incubation arm of Harry’s Lab has announced its first M&A activity with the buy-out of all-over deodorant brand Lumē.
THE DETAILS Created by obstetrician gynaecologist Dr. Shannon Klingman, Lumē aims to manage body odor wherever it is on the body, such as under arms, under boob or foot odor.
While terms of the deal were not disclosed, Klingman said, “I am thrilled to partner with the team at Harry’s at this point in our company’s journey. They are proven experts in scaling omni-channel personal care brands and they deeply understand and support our mission to disrupt the odor control market.”
THE WHY? Harry’s Lab has been shifting its focus from product development to M&A over the past 12 months, according to an interview with Morning Brew.
The company stated that it had spoken to more than 100 companies before settling on Lumē.
Looking to work with startups that cater to unmet consumer needs, Harry’s will now focus on CPG brands across the personal care, beauty, pet and home categories.
Harry’s Co-Founder and Co-CEO Andy Katz-Mayfield, said, “At Harry’s, we’ve successfully scaled personal care businesses and are excited to partner with Lumē to help grow this business and continue to disrupt the body odor category by giving even more consumers access to Lume’s innovative odor control products.”
And with the all-purpose-deodorant market in North America being worth $5.6 billion, according to Mordor Intelligence, it’s a lucrative industry to expand into.
Aesthetic medicine products are developed and regulated to meet stringent safety and efficacy standards. They are typically administered by trained healthcare professionals such as dermatologists, plastic surgeons, and specialized nurses in clinical settings. These products aim to provide effective solutions for cosmetic enhancement, skin rejuvenation, and overall aesthetic improvement, contributing to both physical appearance and self-confidence.
Key categories of aesthetic medicine products include:
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Injectables: This category includes products such as dermal fillers, botulinum toxins (e.g., Botox), and collagen stimulators. These injectables are used to smooth wrinkles, add volume, and improve facial contours.
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Skin Rejuvenation Treatments: Products like chemical peels, microdermabrasion systems, and laser devices are used to improve skin texture, reduce pigmentation irregularities, and enhance overall skin tone.
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Skincare Products: These include medical-grade cleansers, moisturizers, serums, and topical treatments containing active ingredients like retinoids, antioxidants, and growth factors. They are formulated to address specific skin concerns such as acne, aging, and hyperpigmentation.
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Hair Restoration Products: Medical treatments and products designed to promote hair growth and treat conditions such as male and female pattern baldness.
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Body Contouring and Fat Reduction: Devices and products used for non-surgical body sculpting, such as cryolipolysis (cool sculpting) devices and injectable lipolytics.
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Cosmeceuticals: High-performance skincare products that bridge the gap between cosmetics and pharmaceuticals, often containing potent ingredients with proven clinical benefits.
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Wound Care and Scar Management: Products like silicone sheets, gels, and advanced wound dressings used to improve healing and reduce the appearance of scars.
