Stormeur (ASX:STR) is the owner and operator of Cosmetique, Australia’s first accredited cosmetic clinic chain, which is now accelerating its move into the lucrative cosmetic and aesthetic healthcare sectors. Cosmetique offers a range of non-surgical cosmetic treatments, and already has a strong market presence with 17 clinics nationwide. Stormeur intends to implement an upscaling strategy post its upcoming IPO, with this expansion driven by a mix of organic and inorganic initiatives – the latter including plans to acquire businesses similar to Cosmetique located both in Australia and overseas. Chairman and Managing Director Vivek Eranki speaks with The Stock Network’s Lel Smits.
1 Stormeur operations
The Cosmetique business offers a range of non-surgical cosmetic treatments. What do these treatments entail and what makes them unique in the marketplace ?
2 Customer demographic
There are currently 17 Cosmetique Clinics across Australia. While these clinics cater for all ages, what are their target demographic and your addressable market?
3 Growth & expansion strategy
A significant portion of the proceeds from your IPO raise will help fund a mix of organic and inorganic growth initiatives. Which one of these will be the biggest growth driver for Stormeur over coming years and why?
4 IPO details and timeline
Your IPO will include both an equity raise and some attaching options. What is the planned make-up of the IPO raise and can you talk us through your timeline ahead of your ASX debut?
_ _ _
Subscribe to TSN’s YouTube channel for the latest stock content: https://www.youtube.com/channel/UCEEVNCMFSRxFa0Bb2wKLS0g?sub_confirmation=1
_ _ _
Follow TSN for the latest stock news and interviews:
Twitter: https://twitter.com/thestocknet
Instagram: https://www.instagram.com/thestocknetwork/
LinkedIn: https://www.linkedin.com/company/the-stock-network/
TikTok: https://www.tiktok.com/@thestocknet?lang=en
Facebook: https://www.facebook.com/TheStockNet/
_ _ _
Connect with our host Lel Smits online – @LelSmits
– Twitter / X: https://twitter.com/lelsmits
– Instagram: https://www.instagram.com/lelsmits/
– LinkedIn: https://www.linkedin.com/in/leldesmits/
– TikTok: https://www.tiktok.com/@lelsmits?lang=en
– Facebook: https://m.facebook.com/lelsmits/
– Threads: https://www.threads.net/@lelsmits
_ _ _
Disclaimer
The material contained in this post is general in nature only and does not constitute personal financial or legal advice. None of our material should be regarded as advice and you should not rely on any of the content of this post without first obtaining specific professional advice. We give no warranty to the accuracy, reliability or completeness of information that is contained in this post and exclude liability for any loss.
This post may contain views and opinions which are those of the authors and do not necessarily reflect the official policy or position of any other author, agency, organisation, employer or company. We are not liable for any comment published by users and reserve the right to delete any comment for any reason whatsoever. We have commercial relationships with some of our contributors, and we may receive payment or other benefits from this post. Please see The Stock Network website for our full content disclaimer.
_ _ _
Visit TSN’s website to sign up for regular stock updates: https://www.thestocknetwork.com.au
_ _ _