THE WHAT? Cult Beauty – owned by THG – co-founder Alexia Inge has resigned from the company, having emailed staff to say that she was ‘exhausted to the bone,’ according to The Sunday Times.
THE DETAILS Citing it as the ‘hardest decision’ of her life, the resignation comes after THG’s £275 million buy out of Cult Beauty.
According to reports, the culture had changed at Cult Beauty since its integration with THG, with one employee telling the Sunday Times, “It seems like every week someone is leaving. People are being driven to breaking point, ringing each other up and crying.”
THE WHY? Inge’s exit follows reports that brands aren’t getting paid as they used to be, while the integration of Cult Beauty’s operations and its warehouse caused redundancy’s.
It’s the latest hit for THG, with the company losing share price since floating on the London Stock Exchange in September 2020, while shareholders are said to have raised concerns over the company’s structure and future of THG Ingenuity.
Aesthetic injectable companies refer to businesses or companies that specialize in manufacturing, distributing, or providing aesthetic injectable products and services. These companies focus on developing and supplying injectable substances used for cosmetic purposes, typically administered by qualified medical professionals. Aesthetic injectable companies play a crucial role in the field of aesthetic medicine and cosmetic dermatology by offering a variety of injectable products designed to enhance facial features, reduce wrinkles, and improve overall skin appearance.
Key aspects of aesthetic injectable companies include:
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Product Development: These companies research, develop, and manufacture aesthetic injectables such as dermal fillers, botulinum toxins (e.g., Botox), collagen stimulators, and other specialized formulations. They often innovate new products to meet evolving market demands and technological advancements.
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Distribution and Sales: Aesthetic injectable companies distribute their products through authorized channels, including healthcare providers, medical spas, and aesthetic clinics. They may also sell directly to licensed professionals who administer these treatments.
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Regulatory Compliance: Due to the medical nature of their products, aesthetic injectable companies adhere to strict regulatory guidelines and obtain necessary approvals from health authorities (e.g., FDA in the United States) to ensure safety, efficacy, and quality standards.
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Training and Support: Many companies provide training and educational support to healthcare professionals on the proper use, administration techniques, and safety protocols associated with their injectable products. This ensures that practitioners can deliver treatments effectively and safely.
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Customer Support: Aesthetic injectable companies offer customer support services to healthcare providers and consumers, addressing inquiries, providing product information, and assisting with product usage and troubleshooting.
