TanOrganic continues to dazzle as Boots signs up
TanOrganic, the Irish self-tanning brand, has secured a deal with the Boots pharmacy chain that will list it in 200 stores in the UK.
Founded by Kildare woman Noelle O’Connor, TanOrganic was backed by businessman Gavin Duffy after O’Connor appeared on Dragons’ Den, a television programme, in 2010. Boots is the latest large chain to stock the brand, which is already listed by Waitrose, Superdrug.com and Holland & Barrett health foods.
The organic product had sales of about €1m last year, and recently won Enterprise Ireland’s High Fliers Innovation award.
Coalbrook sales raise €31m
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Coalbrook, the hotel and property company owned by businessman Charlie Sinnott, raised €31m last year from the sale of property in Paris and Manchester, accounts reveal. The proceeds were used to pay down debt at the group, which owns the Connemara Coast hotel, in Co Galway, and the Brooks hotel, in Dublin. Profits before tax and interest of €2.8m were almost wiped out by a one-off €2.5m charge relating to the “cancellation of a contract”.
Miner delay in Kenmare buyout
ILUKA Resources, an Australian mining group, has blamed the Mozambique government for holding up its plans to buy Irish miner Kenmare Resources for €265m in an all-share deal. Iluka’s chief executive David Robb told analysts he was waiting for a determination on capital gains tax payable on the purchase of Kenmare’s Moma mine in the African state.