Growth Archives

IDA WARG Beauty expands across DACH

IDA WARG Beauty is significantly strengthening its presence in Germany and Austria through a major retail expansion. The brand is now available in more than 600 Müller stores across the region. IDA WARG Beauty, the Scandinavian beauty brand, known for its effective, feel-good products, playful…

Lumene Group appoints Hanna Disenstam as Chief Supply Chain Officer

Hanna Disenstam, M.Sc. Econ., has been appointed as Lumene Group’s Chief Supply Chain Officer (CSCO) and a member of the Leadership Team. In this role, she will lead the company’s global supply chain strategy, operations, and transformation. She started in the role on 23 February…

Lumene Group returns to TFWA Cannes and introduces new hair care category under LUMENE brand

Lumene Group is proud to announce its participation in the TFWA World Exhibition & Conference in Cannes for the third consecutive year. The Nordic beauty powerhouse will showcase its leading brands LUMENE and IDA WARG Beauty, with a spotlight on innovation, sustainability, and a major…

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 to modernize its Espoo production facility with a €10 million investment

Lumene Group, one of the leading beauty companies in the Nordics, has begun significant investments to enhance the efficiency of its production facility located in Espoo, Finland. Over the next two years, the company will renew all main production lines, increase automation, and expand and…

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…

LUMENE to open its first concept store at Helsinki Airport

LUMENE believes in the revival of international travel. The brand’s own concept store will open its doors in the airport’s non-Schengen area in late summer 2023. “The airport is our window to the world, and we continue to strengthen the brand awareness internationally. Our vision…