Finance Archives

LUMENE strengthens global presence with major retail expansion in Europe

LUMENE, the flagship brand of Lumene Group and a leading Nordic beauty brand, continues its strategic international growth with a significant expansion of its retail footprint across Scandinavia and broader Europe. In the first half of 2025 alone, LUMENE products became available in over 600…

Lumene Group acquires hair care brand Promise

Lumene Group has acquired the Finnish hair care brand, Promise. The acquisition was executed through Lumene Group’s subsidiary, Cutrin Oy, which acquired the brand from Promise Helsinki Oy. This acquisition complements Lumene Group’s brand portfolio by adding another high-quality Nordic beauty brand with significant growth…

Lumene Group announces record net sales and global growth in 2024

The year 2024 marked a historic peak for Lumene Group, highlighted by significant achievements in both business performance and sustainability initiatives. The Group achieved net sales of 102 million euros and an EBITDA of 10%, showcasing strong and long-term sustainable growth and profitability. In 2024,…

Swedish investment company Creades becomes minority owner of Lumene Group

The Swedish listed investment company Creades has made a minority investment in the Finnish beauty company Lumene Group. Creades is purchasing a minority share of the company’s stock from the Nordic growth investment company Verdane, which became the majority owner of Lumene Group in 2021.…

Lumene Group acquires Swedish beauty brand IDA WARG Beauty

LUMENE Group, a Nordic’s leading beauty company from Finland, acquires IDA WARG Beauty. IDA WARG Beauty is a Swedish success story taking a leading market position in the self-tanning category in just a few years after launch and is now positioned as one of the…

Our year 2021 report has been published

The year 2021 was a year of a positive change for LUMENE and CUTRIN. As a group we hit the pre-pandemic level of net sales with 74.3 MEUR, the international markets driving the growth. October 2021 kicked-off an exciting new era when the Nordic private…