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Point King Capital is taking a minority interest in the lip care brand.
March 20, 2022
By: TOM BRANNA
Editor
Lanolips has found an investor. Point King Capital is taking a minority interest in the lip care brand, which is said to have sales of around $10 million. Terms of the deal were not disclosed. Company Founder and CEO Kirsten Carriol will continue to run the company. Tammy Pall will continue as general manager and brand president. Lanolips markets a range of lanolin-based products. Its best-known formula is 101 Ointment Multipurpose Superbalm ($16.95). Products are available in the US in Ulta ...
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