Icons Beauty Group appoints Chief Operating Officer
Singapore, 16 February 2023: Icons Beauty Group (“Icons”) is pleased to announce the appointment of Nikki Somerset as Chief Operating Officer (“COO”).
Icons is a beauty and healthcare group providing innovative, sustainable product and primary packaging solutions to its global brand customers through its two wholly owned subsidiaries Icons ICS (“ICS”) and Icons Rauxel (“Rauxel”). Icons is owned by ShawKwei & Partners (“ShawKwei”) and Sue Nichols.
Nikki has over 20 years of experience in the beauty and healthcare sector and was most recently the CEO of BLC Cosmetics in Sydney, Australia. Prior to this she worked as the General Manager of Global Marketing for Bendon Group and in Global Senior Marketing roles for Jurlique International. She began her career with Clarins UK, based in London.
Commenting on the appointment, Kyle Shaw, Founder and Managing Partner of ShawKwei and Icons Chairman said: “Nikki’s deep brand management understanding will be an asset as we deliver innovative formulation, fill, and packaging solutions to our global beauty and healthcare customers. She will play an integral part in Icons’ future organic growth, and in Icons’ continuing search to acquire more beauty and healthcare businesses.”
Sue Nichols, Founder and CEO of ICS: “I look forward to Nikki’s leadership and increasing the synergies between our packaging and formulation business which will enable a truly full-service customer offering”.
“I join Kyle and Sue in welcoming Nikki and the additional bench strength she brings to Icons where we continue to actively pursue complimentary acquisitions”, said Brian Lau, Managing Director of ShawKwei and an Icons Board Member.
About Icons Beauty Group
Icons Beauty Group (“Icons”) is a beauty and healthcare company delivering innovative, sustainable product solutions to its customers. Icons is a manufacturer of world-class hair care, cosmetic, skincare, and primary packaging, including design and supply. Icons subsidiaries work together to leverage synergies with a single culture and clear customer focus.
For more information please visit: https://iconsbeautygroup.com/
About Icons|ICS (International Cosmetic Suppliers Ltd)
Founded in 1991, Icons ICS is a full-service provider of cosmetic, beauty, skin care and pharmaceutical packaging to global brands with five offices around the world including headquarters in Hong Kong, and offices in Taiwan, China, USA, and Australia. ICS’s global presence combined with its technical know-how, and proximity to manufacturing has kept ICS at the forefront of the industry.
ICS specialties include product development and design, industrialization and engineering, R&D, project management, quality assurance and quality control, ethical sourcing, social accountability and sustainability, sales and business development, and supply chain and logistics.
Icons Beauty Group invested in International Cosmetic Suppliers Ltd in 2020 and acquired the remaining shares in 2022.
For more information please visit: https://www.ics-world.com/
About Icons|Rauxel
Founded in 1986, Icons Rauxel is a leading private label manufacturer of premium, clean and creative haircare, and skincare products, specializing in quality and formulation compliance. Over 90% of products manufactured are from custom formulations developed by Raxuel’s in-house lab.
Based in Sydney, Australia, Rauxel supports trends towards sustainable and innovative beauty products, offering innovative formulations based on Australian botanicals, natural extracts, and sustainable ingredients, working with industry leading haircare and skincare brands to develop and launch their critical new products.
Icons Beauty Group acquired 100% of Icons Rauxel in 2022.
For more information please visit: https://www.iconsrauxel.com/
About ShawKwei & Partners
ShawKwei & Partners (“ShawKwei”) is a private equity fund manager with offices in Hong Kong, Singapore, Shanghai, and San Francisco. ShawKwei invests in manufacturing, industrial, and service companies with revenues between US$50-800 million operating across Asia, Europe, and the USA. After investing, ShawKwei improves businesses by partnering with management to identify and realize sustainable performance improvements in sales growth, margin expansion, and capital efficiency.
Kyle Shaw established ShawKwei & Partners in 1998 after previously managing Asian private equity funds for the Tudor Investment Group and Security Pacific National Bank. Past investments include YongLe Tape, China’s leading adhesive tape manufacturer; Beyonics, a precision manufacturer of metal, plastic, and electronics for the Healthcare, Automotive, and Technology industries operating across Asia; Flex Holdings (previously Flextronics), a contract manufacturer of electronic products; and Schmid Group, a German designer and manufacturer of equipment for solar, electronics, and lithium battery customers.
For more information please visit: http://www.shawkwei.com/
For more information, please contact:
Investor Contact
Brian Lau, Director
T: +852 2868 5716
Media Contact
Shirley Li, Vice President, Marketing
T: +86 138 1789 4699