Skincare Brand Augustinus Bader Sees Sales Growth of Up to 40%
- Brand was founded in 2018 by former BTG Pactual banker
- Company has businessman Jacques Veyrat among its backers
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Augustinus Bader, the skincare label co-founded by a former BTG Pactual banker, is on track to grow by as much as 40% this year as the upstart brand shrugs off a slowdown in high-end cosmetics.
Despite cooling demand for premium skincare brands at bigger beauty groups such as L’Oreal SA or Estee Lauder Cos, Augustinus Bader is benefiting from its image as a “new cool kid on the block,” whose clientele in the US in particular is very loyal, co-founder Charles Rosier said in an interview.