Financial News

Tru Fragrance & Beauty Acquires Lake & Skye

Move will propel the business and appoint fragrance veteran Roxann Blasz as president.

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By: Lianna Albrizio

Associate Editor

Tru Fragrance & Beauty has acquired Lake & Skye with aim to scale the brand’s growth. A longtime brand partner, Tru Fragrance & Beauty made a minority investment in the brand in 2018. The capital infusion and closer alliance with Tru Fragrance & Beauty (which now takes a majority stake) will enable Lake & Skye to more aggressively grow its consumer base, support national retailer partners including Ulta, Nordstrom and Blue Mercury, officials said. “This acquisitio...

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