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$100 million.
This Chicago-based marketer of water-based, sea-derived skin care products recently partnered with Goldman Sachs and Cordova, Smart & Williams to make a significant investment in the company.
Positioned in the prestige category, H2O Plus distributes its products through company-owned stores, specialty retailers, upscale department stores and its website. According to the company, the financial venture will maximize its goals and potential for growth both domestically and internationally.
Ms. Melk retains an ownership position in the company and will continue her role as chief creative officer. The balance of the H2O Plus Executive Committee, including Mr. Seidl and Mr. Oats, remains in their present roles. Headquarters are still in Chicago. Additional details of the partnership were not disclosed at press time.
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