The ICEPick – SkinKandy
Rob Hogg unpacks August’s CIO Market Update, covering Powell’s dovish Jackson Hole tone, rising long-term bond yields, softer RBA cut prospects, and insights from reporting season.
In this latest version of ICE Investors, The ICEPick, we are pleased to announce another key ICE Fund holding, SkinKandy
- SkinKandy is Australia’s largest body piercing retailer, in an industry with strong growing demand
- We think of SkinKandy as a ‘toll road’ servicing this demand, while industrialising and professionalising what has been a cottage industry
- Led by former Lovisa COO, Dain Friis, SkinKandy is embarking on an ambitious store rollout: doubling ANZ stores in 5 years and expanding internationally
- Friis has execution credibility with Lovisa nearly doubling its global store network during his tenure
- SkinKandy is extending its market leadership position and ticks a lot of the ICE emerging franchise boxes
SkinKandy store growth
Stay tuned for the next ICEPick edition where we continue to detail businesses that share characteristics we find particularly attractive; sticky customer bases, resilient earnings, and hard-to-replicate assets.
To learn more about the opportunities we currently see within the portfolio, please don’t hesitate to contact the SGH Distribution team on bdm@sghiscock.com.au
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Disclaimer:
SG Hiscock & Company (SGH) has prepared this article for general information purposes only. It does not contain investment recommendations nor provide investment advice. Neither SGH nor its related entities, directors or officers guarantee the performance of the Funds. SGH also doesn’t guarantee the repayment of capital or income invested in the Funds. Past performance is not necessarily indicative of future performance. Professional investment advice can help you determine your risk tolerance as well as your need to attain a particular return on your investment. We strongly encourage you to obtain detailed professional advice. We recommend that you read the relevant Product Disclosure Statement and Target Market Determination, if appropriate, in full before making an investment decision.
SGH publishes information on this platform that is, to the best of its knowledge, current at the time of publication. It is not liable for any direct or indirect losses attributable to omissions, outdated, inaccurate, incomplete or deficient information. Investors and their advisers should make their own enquiries before making investment decisions.
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SG Hiscock & Company (SGH) has prepared this article for general information purposes only. It does not contain investment recommendations nor provide investment advice. Neither SGH nor its related entities, directors or officers guarantee the performance of the Funds. SGH also doesn’t guarantee the repayment of capital or income invested in the Funds. Past performance is not necessarily indicative of future performance. Professional investment advice can help you determine your risk tolerance as well as your need to attain a particular return on your investment. We strongly encourage you to obtain detailed professional advice. We recommend that you read the relevant Product Disclosure Statement and Target Market Determination, if appropriate, in full before making an investment decision.SGH publishes information on this platform that is, to the best of its knowledge, current at the time of publication. It is not liable for any direct or indirect losses attributable to omissions, outdated, inaccurate, incomplete or deficient information. Investors and their advisers should make their own enquiries before making investment decisions.