Natural skincare and make up
Natural skincare company. Our products are derived from 100% pure plant extracts, are honestly priced, and are naturally effective on all skin types
03/04/2023
Lord Sugar cashes in with sale of stake in
Tropic Skincare
Hannah Prevett
, Deputy Editor, Times Enterprise Network Monday April 03 2023, 12.01am BST, The Times
Lord Sugar gave Susie Ma £200,000 in 2011 to help her build Tropic Skincare. Ma finished third that year on the BBC show The Apprentice
Lord Sugar has crystallised a multimillion-pound profit from one of his investments on The Apprentice television show after agreeing to sell his 50 per cent stake in Tropic Skincare.
Sugar, 76, acquired the stake after giving Susie Ma, the skincare brand’s founder, £200,000 in 2011 to help to build her company. Ma, 34, finished third on the 2011 series of his BBC One business show.
The terms of the deal have not been disclosed, but it is thought to be Sugar’s most successful investment to emerge from the programme. Tropic had sales of £90.6 million in 2021 and pre-tax profits of £10.5 million. No dividend was paid in 2021, but Ma and Sugar shared a £10 million dividend in 2020 and a £2 million payment in 2019.
Ma was said to be financing the buyout from Sugar’s Amshold holding company via Tropic’s future trading profits, “with an agreed payback plan over the next few years”.
The entrepreneur, who started out selling body scrubs at Greenwich Market in London, said she would “always be so grateful for the investment. After founding the company at just 15 and spending every day since building it into the success you see today, reclaiming full ownership has always been my ambition.”
Sugar said: “When I first met Susie in 2010, I saw a unique grit and determination and it’s a drive she has maintained over the years. The business she has built and led since my investment has been nothing short of remarkable. It’s now the right time to part ways and allow Susie the space to take the company to new heights.”
Ma plans to launch a new website and branding and to expand Tropic’s product range, but is also managing the impact of higher operating costs.
Ma founded her Tropic Skincare company at her mother’s kitchen table
“The cost of raw ingredients has risen sharply again and they’re forecast to inflate further before they come down,” she said. “But having successfully navigated similar obstacles during the pandemic, we’re really confident that we’ll continue to thrive.”
Ma lost out on The Apprentice to Tom Pellereau, an inventor, who recently claimed that his
07/09/2019
😂
22/04/2018
Need an outfit! Lol
Disney Afternoon Tea is now available to book by calling the hotel direct on 01327 892000.
(we are not able to take any bookings via Facebook)
13/04/2017
www.tropicskincare.co.uk/shop/etamdedhar_1
My Mask Contouring Routine Ft. Tropic Skin Care (Cruelty Free & Vegan) AD | JessBeautician This video is sponsored by Tropic Skin Care. INSTAGRAM: TWITTER: https://twitter.com/JessBeautician BLOG: http://jessicabeautician.co.uk/ SNA...
13/04/2017
Another Great before & after of Tropic helping someone's skin in just 3 days! 💚🌿🍃🌱.
www.tropicskincare.co.uk/shop/etamdedhar_1
11/04/2017
Toxic free Tan for moisturised Summer Skin 💕 Applies in seconds from Tropic. Book in for your free trial 😆
07/04/2017
I'm going to glow! Would you like too? I'm so excited I can't wait until mine arrives! Buy here or contact me to try before you buy if your from my area!
www.tropicskincare.co.uk/shop/etamdedhar_1
07/04/2017
Contact me for your Natural Beauty products or shop here: www.tropicskincare.co.uk/shop/etamdedhar_1
Try our Tropic sun products it's 100% all natural, not tested on animals and not harmful to the ocean!
Hawaii aims to ban coral reef-killing chemical sunscreens Hawaii Senator Will Espero introduced a bill that would ban sunscreen; evidence shows sunscreen ingredients may harm coral reefs.
13/03/2017
ORDER YOUR SUNCREAM AND AFTERSUN CREAMS HERE! 100% natural & tropic products are not tested in animals!!! www.tropicskincare.co.uk/shop/etamdedhar_1
****NEW CATALOGUE***
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https://www.flipsnack.com/769F7C6BDC9/tropic-skin-care-issue-10-catalogue.html?mc_cid=477bc4444a&mc_eid=e6a5df7921
Tropic Skin Care | Issue 10 | Catalogue We're so thrilled to be introducing our innovative new season collection and truly hope you enjoy these delicious skincare treats!
03/03/2017
Wow eight awards -well I not really surprised! 😊
www.tropicskincare.co.uk/shop/etamdedhar_1
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