Mercer Hill luxury retirement community takes inspiration from downtown Doylestown

The Township of Doylestown has a new art studio, cinema, music conservatory, pub, lounge and steak house.

To participate, you must be 62 years of age or older.

the Mercer Hill in Doylestown promises a luxury retreat by living in a sprawling neighborhood designed to resemble Doylestown’s Main Street.

Across the United States, operator Merrill Garden is building communities of seniors that may be more like hotels for business travelers.

The most recent development of Merrill Garden began in July 2019 off South Easton Road in the township. This community of 164 units will also have a general store, post office, outdoor patio and fire pit, lavender field and horse.

Mercer Hill in Doylestown, a 164-unit retirement home, will open in November.  The facility will offer on-site amenities to its residents including a movie theater, general store and pub in an interior setting inspired by Main Street.

The developers are playing on a rapidly growing population of retirees who want more than a good game of bingo.

By 2050, one in five Americans could be 65 and over, according to the U.S. census. Currently, some 811,000 Americans live in about 28,000 elderly communities in the United States, estimates the CDC.

In Pennsylvania, 64% of senior residents are 86 and older and 40% have Alzheimer’s disease or some other form of dementia, according to the National Center for Assisted Living.

Mercer Hill’s first tenants in Doylestown could move in by November, property manager Deb Bodnar said.

A model studio at Mercer's in Doylestown. [MICHELE HADDON / PHOTOJOURNALIST]

The retirement home boasts of its proximity to Doylestown’s shops and restaurants and local architecture. Community cinema is inspired by that of Doylestown County theater, and the activity center designed to resemble Joseph Ambler Inn. The pub in the retirement home will look like the Doylestown Inn, a doctor’s office is modeled on the Court Street Borough Hotel, and the outside of the living room will look like Paper Unicorn Shop on the main street.

Mercer Hill said the campus would cater to those seeking independent living, assisted living, and a memory care section will be limited to people with Alzheimer’s disease and other forms of dementia.

Independent living starts at $ 2,750 per month and includes three meals a day, weekly housekeeping, basic cable, and community activities. Personal care starts at $ 4,800 per month. Memory care ranges from $ 5,000 to $ 7,475.

In memory care, you don’t just deal with dementia, but also anxiety and depression, ”Bodnar said. “We will create safe spaces. So you can do it on the walking trail. You can engage in activities and we will have reminiscence activities. “

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10 New Marvel’s Avengers DLC Packs Bring Credits, Cosmetics & More

It’s not just the chance to witness a great story or to assemble and assemble some of the most powerful warriors known to man. No, a big part of Marvel’s Avengers appeal is in the customization and the power it allows. To do that, you need credits and cosmetics – two things that are in the foreground with the latest slew of new Marvel’s Avengers DLC packs that have hit the market.

No less than 10 new DLC options are available to purchase, download, and add in Marvel’s Avengers, each bringing something slightly different to the market. Yes, so they focus all of their efforts on issuing in-game credits, letting you buy a bunch of skins and nothing, but they also give access to a bunch of different cosmetic deals – with pretty much something for it. everyone available, no matter what their tastes.

Showcase and fix on the Xbox Store for Xbox One and Xbox Series X | S Avengers to enjoy are all of the following…

As you can see, the options available today come in the form of starter packs at £ 3.99 or incredible packs at £ 7.99. What you’re primarily looking at here is that Starter Packs will grant access to 500 credits as well as a new outfit, emote, and nameplate depending on which Avenger you decide to partner with.

The Incredible Packs build on that, offering no less than 1050 in-game credits, plus a few outfits, 2 emotes, and a doubling of nameplates. How much money you decide to squirt into Marvel’s Avengers in terms of cash pretty much depends on you and your love for the Avengers themselves, but it’s pretty safe to say that each of the new DLC packs is capable of you. give the opportunity to assemble the Avengers like never before.

You’ll obviously need the base game on hand, but from there the Xbox Store can get you the access you need. Keep in mind that the game is available on Xbox One and fully optimized on Xbox Series X | S with PS4, PS5, PC, and Google Stadia.

Let us know in the comments which new Incredible Pack or Starter Pack you decide to grab.

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Covey and Joanna Vargas Skin Care

NEW YORK, July 19, 2021 / PRNewswire / – Buy LIT direct, The shopping app powered by social media, today announced exciting new partnerships with skin care brands Covey and Joanna Vargas Skin Care. With the new partnerships, Shop LIT Live will offer consumers the opportunity to discover the products of the two brands and to interact directly with their founders.

Covey’s line of skin care products will launch on the platform on Tuesday July 20e with Joanna Vargas Skin Care following closely friday 23 julyrd. To kick off the partnerships, consumers will be invited to tune into interactive live broadcasts hosted by Emily DiDonato, model and co-founder of Covey, and Joanna Vargas, famous beautician and founder of Joanna Vargas. Each live broadcast will feature their innovative skin care regimes, beauty tips and easy-to-follow product demos, which can be purchased in real time on the Shop LIT Live app.

With its futuristic live shopping capabilities, Shop LIT Live aims to provide consumers with an unprecedented online shopping experience that showcases the modern way to discover and buy new products. Consumers can shop from the comfort and convenience of their home, while enjoying the social interactions and real-time Q&A of being in a store. All the benefits of in-person shopping without the hassle.

“We are delighted to have Covey and Joanna Vargas join Shop LIT Live and offer their products through our live shopping platform ”, states Toby Zhang, CEO of Shop LIT Live. “With beauty continually at the forefront of technology and innovation, we couldn’t ask for two best brands to continue our mission of enabling consumers to shop and discover new products seamlessly. “

With Shop LIT Live, Covey and Joanna Vargas share a passion for innovation and cultivate excellent customer experiences. These new partnerships will continue to expand Shop LIT Live’s reach in the beauty industry to further cement itself in the digital shopping space and influence the retail world. Additionally, it reflects the industry’s need for more immersive digital experiences to meet consumer demand for personalization and authenticity.

“As a model and content creator, I look forward to using this platform as another creative outlet to help develop Covey,” says Emily DiDonato, top model and cofounder of Covey. “We’re a community brand and designed Covey’s formulas based on what consumers were talking about and asking about on my platforms and through our product reviews. We’re excited to test live shopping as another way to engage with the Covey community. “

The platform partners with an organized group of creators who provide real product reviews, fun product demos, and expert tips and tricks. Because they can connect with audiences directly through the app, answer questions live, and address buyers’ concerns, these creators help consumers build trust in brands. Another way for brands to leverage the platform is to go live on their own and make that connection with the consumer even more direct and engaging – especially if the brand has a great founding history in the case of Covey and Joanna Vargas.

“I’m really excited to join the SLL platform because I like to connect directly with the consumer,” says Joanna Vargas – Facial celebrity, founder of Joanna Vargas Salons and Skin care and author of “Glow from within”. “My favorite thing about being an esthetician is being able to connect with my clients, discover their needs and wants, and organize a skin care routine for them. SLL facilitates a connection that you may not necessarily be able to. get via DM. ”

With a shared commitment to serving and celebrating their customers, companies look forward to building this new union for the long haul.

Buy the LIT Live livestream with Emily DiDonato de Covey will start on Tuesday July 20e at 7 p.m. ET. The platform livestream with Joanna Vargas will start on friday 23 julyrd at 2 p.m. ET.

To learn more about Shop LIT Live and download the app, visit App Store and follow @shoplitlive on Instagram, Facebook and Twitter. To learn more about Covey, visit and follow @covey on Instagram, @coveyskincare on Twitter and @coveyskin on Facebook. To learn more about Joanna Vargas skin care, visit and follow @joannavargas on Instagram and @joannavargasskin on Facebook.

Buy LIT direct is a social media-powered shopping app that enhances the digital shopping experience with innovative live streaming features. Launched by Toby Zhang In 2020, Shop LIT Live integrates live video content, real-time two-way communication and the ability for users to purchase products directly through its app. Each livestream is hosted by an organized group of designers and experts who provide authentic reviews of products from top brands emerging in the beauty, fashion and lifestyle spaces to provide consumers with a futuristic way to discover and experience. ‘buy.

Covey breaks the skincare mess with her simple, universal routines. Founded by a model and content creator, Emily DiDonato and Googler, Christina uribeThe Covey routine is rooted in compatibility and consistency: each product is formulated to work together to support the inherent functions of the skin. Covey’s products include First of All Cleanser, Next Up Vitamin C Serum, and Last But Not Least Moisturizer. All of Covey’s formulas are cruelty-free, hypoallergenic, non-irritant, and dermatologist approved, and are free of fragrances, sulfates, synthetic dyes, silicones, gluten, essential oils, and phthalates.

Joanna Vargas, a recognized skincare expert and founder of her eponymous skincare collection, focuses on one thing: beautiful skin. With decades spent working with renowned dermatologists, combined with the adoption of the latest technology in epigenetics, green chemistry, skin enhancement + hands-on experience on a diverse clientele, Joanna uses a multi-faceted approach. facets to create simple, all-natural and proven solutions to positively influence even the most complex skin problems. Combining her commitment to plant-based ingredients and her passion for science, Joanna’s approach to nature and technology has made her one of the most sought-after estheticians and experts in the beauty industry. beauty today. Joanna’s products reflect her unique combination of technique, technology and all-natural ingredients formulated to purify and beautify. From her ever popular sheet masks to her daily serum, she employs and combines naturally powerful ingredients like detoxifying chlorophyll and Galactaorabinan (GA) exfoliating enhancer that results in a visibly clearer, younger and more radiant complexion, even if you don’t. weren’t born with big skin.


The Honest Company Announces New Sustainable Beauty Packaging Initiative | Business

LOS ANGELES – (BUSINESS WIRE) – July 19, 2021–

The Honest Company (NASDAQ: HNST), a mission-driven brand focused on leading the Clean, Conscious Lifestyle movement, today announced a new sustainable packaging initiative for Honest beauty Containing 100% recyclable cartons using 100% tree-free paper made from recycled sugar cane by-products. As part of the beauty revival, Honest is also launching the Daily Defense Collection, a new line of skincare products designed to defend the skin against environmental aggressions.

This press release features multimedia. See the full version here:

The Honest Company is launching the new Daily Defense collection as part of the company’s new sustainable packaging initiative for Honest Beauty. (Photo: Business Wire)

In this effort, over 100 SKUs have been updated to take advantage of post-consumer recycled materials as part of The Honest Company’s own-brand, conscious and cultural branding initiative. Honest Beauty products will now include treeless packaging down the line with updates to the primary packaging to use more environmentally friendly materials including glass dropper, aluminum tubing, compacts tin, PCR materials and mono-material components where possible for easier recycling.

“From day one we have placed the highest importance on product efficacy, formula integrity and ingredient quality – packaging is the next step in our journey of continuous improvement” , said Jessica Alba, Founder and Creative Director, The Honest Company. “As a pioneer of clean beauty, I have no doubts that we are able to raise the level of the industry as a whole and demonstrate what is possible to achieve at scale while continuing to fulfill our mission to inspire everyone to love living consciously. “

In addition to the refreshed look and feel, the new Honest skin care line, the Daily Defense Collection, helps defend against environmental stresses and combat the effects of pollutants. These four new products launched with the range are formulated with Sea Concentrate, which is rich in zinc and iron to provide essential minerals to the skin.

Daily Defense Collectionfour minutes to protect your skin

  • Step One – Skin Sweep Exfoliating Powder Cleanser: Made with Honest® Sea Concentrate and Kaolin Clay to help gently wash and exfoliate debris, impurities and buildup. ($ 21.99)
  • Second step – Purifying toner for pollution solution: A gentle daily tonic that eliminates impurities and reduces sebum while providing essential minerals to the skin. Formulated with PCA Zinc to help reduce surface oil and a microalgae extract to help fight the stressors of aging. ($ 17.99)
  • Step Three – Save the facial protection fixative spray: A lightweight shield that sets, helps extend wear and improves the look of makeup. Formulated with an extremolyte, it also helps defend against environmental stressors like UV and blue light. ($ 21.99)
  • Fourth step – Self-defense mineral solar fluid SPF 43: Consciously designed to be reef-friendly, this universal broad-spectrum mineral sunscreen helps protect against environmental elements such as UVA, UVB and blue light, and helps defend against pollution that contributes to premature skin aging. Formulated with an extremolyte to help defend against environmental aggressions. ($ 29.99)

“We strive to create formulas with carefully selected ingredients to help protect our natural resources and the ecosystems that depend on these resources,” said Don Frey, chief innovation officer, The Honest Company. “Our sustainable development mission begins with the practices that we implement in our own laboratory and in our formulas. It is not enough to ask yourself to practice sustainability without doing it ourselves first. This is why we have ensured that all of our beauty products have formulas and packaging designed with respect for the environment.

The Honest Company’s renewed beauty brand initiative, including the Daily Defense collection, will begin rolling out today, July 19, in-store at our retail partners and on The Honest’s website. Company at the address You can also participate in the clean and socially aware conversation with @honest on Twitter and Instagram and

As part of the sustainable packaging initiative, Honest will be tracking the impact of using treeless cartons on a quarterly basis on its website. To learn more about Honest’s sustainability initiatives, visit

About honest company

The Honest Company (NASDAQ: HNST) is a digitally native, mission-driven, leadership-driven brand of the Clean Lifestyle movement, creating a community for conscious consumers seeking to disrupt multiple categories of consumer products. Since its launch in 2012, Honest has been committed to creating carefully formulated, safe and effective personal care, beauty, baby and household products available through, third-party e-commerce partners, and approximately 32,000 points of sale in the United States, Canada and Europe. Based in Los Angeles, California, the company’s mission, to inspire everyone to love living consciously, is driven by its values ​​of transparency, trust, sustainability and a deep sense of purpose around this. that matters most to its consumers: their health, their families and their homes. For more information on Honest Standard and the company, please visit

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CONTACT: Brenna Israel Mast

[email protected]



SOURCE: The Honest Company

Copyright Business Wire 2021.

PUB: 07/19/2021 13:26 / DISC: 07/19/2021 13:27

Copyright Business Wire 2021.

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‘Darcey and Stacey’ tease sadness, love and cosmetic surgery in Season 2 | Entertainment

Wonder Twin Powers, reactivate! Darcey and Stacey Silva, bold, blonde and funny moms in their 40s (above, left to right) – who first mesmerized us in 90 day fiancé: before 90 days – are back for Season 2 of their popular spin-off featuring more emotional turmoil, personal triumph, and plastic surgery.

“There’s going to be some frustration and sadness,” says Darcey, the dreamiest and most mournful of the couple, who is often protected by the more practical Stacey. “But there is hope. And love.”

Ah, my love. These ladies are not afraid of anything, but certainly not of being attracted to hot young men from Eastern Europe. Last season, Stacey married her six-year-old boyfriend, Albanian fitness influencer Florian Sukaj, despite fears that he was cheating on him. They want kids together (she has two teenage sons), but it’s not easy for 46-year-old Stacey. After having an ultrasound revealing an ovarian cyst, she says, “You can see other things that I am discovering with this fertility journey. It’s an emotional roller coaster.

Darcey still isn’t sure if she can trust her fiance, Bulgarian masseur / fitness model Georgi Rusev, for the finances (“I want to make sure I’m not taken advantage of”), so the twins meet her. ex to get a glimpse. “Stacey and I walked in with very positive expectations,” Darcey reports. “It was to hear how he was as a husband, plain and simple.”

For every intense and emotionally naked moment, there is a dizzying counterpoint, like when they went wild on a trip to Turkey for cosmetic procedures. Together, they benefit from breast reduction, a lip lift, a “Barbie nose” and new facets. Stacey teases her updated look, saying with classic Silva humor, “We’ve released the breast. That’s all I’m going to say. We released the breast!

Darcey and Stacey, Season 2 premiere, Monday July 18, 8 / 7c, TLC

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Brands cut ties with Kris Wu over suspected predatory behavior – WWD

#METOO HAS IT ARRIVED IN CHINA? Several brands have severed ties with top Chinese-Canadian singer-actor Kris Wu as controversial claims about his personal life surfaced on Chinese social media over the weekend. A young woman who said she dated the pop star accused him of targeting young and sometimes underage women for sexual purposes, claims Wu denied.

Wu is one of the most valuable faces in China, serving as a face for Louis Vuitton, Bulgari, Porsche, Lancôme, L’Oréal, Kans as well as Master Kong Ice Tea, Tuborg Brewery, maker of household cleaning products Liby, maker of kitchen appliances Vatti, Tencent Video and Tencent’s popular King of Glory video game.

The Shanghai-based beauty brand Kans, owned by C-beauty giant Chicmax, was the first to respond and announced Sunday night that it had terminated Wu’s Weibo sponsorship deal. She was followed by Liby who cut ties with the celebrity Monday morning.

Porsche, Master Kong Ice Tea, Vatti and King of Glory have removed all Weibo messages mentioning Wu by Sunday. Louis Vuitton temporarily hid all of its posts on Weibo but made them public again shortly. His face is still visible on the Chinese social media accounts of Lancôme and Bulgari.

Kans announced that he ended Kris Wu’s sponsorship deal on Sunday night.
Weibo / Screenshot

Wu, a former member of South Korean group EXO, was first accused of infidelity and preying on underage girls on July 8 by 19-year-old student Du Meizhu.

She shared screenshots of alleged conversations between Wu and underage girls on Weibo and claimed she had mental health issues and even had suicidal thoughts due to her infidelity and cyberbullying from her fans. .

Du alleged that Wu kept a special WeChat account to contact underage girls under the guise of recruiting new artists or casting female roles for his music videos, ultimately luring the girls to play drinking games. Du said she was just one of his many conquests.

Wu and his team categorically denied the charges and announced that they had filed a libel suit against Du on the same day.

However, over the weekend, Du revealed that she had not received a court summons. Instead, she shared that Wu’s team contacted her and offered to settle the charges with money. She posted a discussion history of her negotiating the details of the settlement plan with Wu’s representative and a copy of the contract her team offered her to sign, which she claimed was a trap.

She then shared a video of herself receiving two bank transfers totaling 500,000 renminbi from Wu Stacy Yu and Wu Yi Fan, which appeared to be Kris Wu’s mother’s name and her name in Chinese pinyin.

In an interview with the local press released on Sunday, Du said she had returned Wu the silence money in installments and was prepared to face legal action. She also claimed that more than 30 women who shared similar experiences with Wu contacted her, including two minors.

Wu then took to Weibo to address the issue in more depth, saying:

“I did not respond sooner because I did not want to disrupt the legal process but I did not imagine that my silence would accelerate this rumor, I cannot take it any longer. I only met this woman once on December 5, 2020 when I was with a group of friends. I didn’t urge anyone to drink, didn’t take a phone number, and I didn’t do any of the details she described. On that day there were many people present who can be witnesses. I’m so sorry that this bothered everyone. I declare that I have never made a “selection of concubines”! No lure for sex! No date rape drugs! No minors! If there was this behavior, let everyone rest assured that I would go to jail of my own free will. I fully understand the legal weight of my comments above.


Prada Ends Tenure As Zheng Shuang Ambassador Over Alleged Childhood Conflict

Burberry celebrates Kris Wu collaboration in Beijing

Gigi Hadid and Kris Wu had a drink at the Louis Vuitton show

Special Needs Dentist Grand Prairie Dallas TX Updates

Grand Prairie, Texas, United States, July 18, 2021 (GLOBE NEWSWIRE) – – July 18, 2021 / PressCable / –

Disability Dental, specialist oral health experts based in Grand Prairie, TX, have launched updated services for patients with autism, cerebral palsy, mental retardation, Alzheimer’s and Down syndrome. The launch expands the company’s dental specialties to residents of Arlington, Irving, Duncanville, Carrollton, Cedar Hill and the wider Dallas-Fort Worth area.

More details can be found in recent media coverage here

The recently updated services cover a full range of dental treatments, including preventive, restorative, general examination and sedation procedures for patients with special needs.

According to MedAlertHelp, approximately one billion people around the world live with some form of disability. Some patients with physical disabilities may find it difficult to attend standard surgery, while those with psychological disorders may experience increased anxiety and be less able to understand and cooperate with treatment.

Dental Disability advocates regular check-ups to ensure optimal dental health, stopping the spread of plaque and decay before they become more serious problems. The clinic offers personalized and dedicated care, adapted to the needs of each client. The team coordinates with caregivers to ensure that every aspect of a patient’s condition is considered in the treatment plan. More information here

The clinic is able to receive disabled patients from 13 years old. The team brings a combined experience of over 50 years in the dental field of people with disabilities, equipping them to face the most difficult behaviors.

Clients can also benefit from the clinic’s range of restorative dentistry procedures. These include repairing or replacing missing teeth using dentures, partial dentures, and fixed bridges.

Disability Dental provides state-of-the-art service for patients. With state-of-the-art digital equipment, including digital panoramic radiographs that minimize radiation, clients can benefit from the latest advances in dental technology.

Led by Dr. Frank E. Ford, who has provided specialist dental care in the Dallas-Fort Worth area for over 25 years, Disability Dental is a dedicated team of like-minded professionals committed to ensuring that patients of the region receive tailor-made treatment. care programs they need.

A spokesperson said: “Our comprehensive dental services enable patients with special needs to achieve and maintain optimal oral health. We offer a gentle, chairside approach, even when it is difficult to work with a patient. “

With the launch of their updated treatments for patients with special needs, Disability Dental continues to make high quality dental care accessible to the most vulnerable members of society.

For more information, please visit


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3 Cosmetics and Beauty Companies Using Blockchain Technology

Thanks to cryptocurrency, blockchain technology as a whole is getting a lot of attention. Blockchain is the backbone of the cryptocurrency industry, but the technology is quickly adopted in other areas due to its decentralized nature, security, and scalability.

From real estate to agriculture, blockchain technology is used to keep transaction records for transparency. Now it’s made its way into the billionaire beauty industry: cosmetic startups are turning to blockchain for quality control.

Here are our top picks of cosmetics and beauty companies that have turned to blockchain, to provide a better online shopping experience for their customers.

Screenshot of Em Cosmetics website homepage

If you’re in the beauty community on YouTube, you wouldn’t be a stranger to Michelle Phan. The beauty guru was at the peak of her YouTube career around 2010 and even worked with L’Oréal to launch her own makeup line, Em Cosmetics, in 2013.

Phan took a two-year hiatus in 2015 and made a surprise comeback in 2017. In a comeback video, she revealed that she learned about cryptocurrency and blockchain during her hiatus. The same year, Em Cosmetics relaunched with a new creative vision.

Related: What Is A Blockchain And How Does It Work?

The relaunch of Em Cosmetics also followed the platform’s adoption of blockchain technology. Em Cosmetics has teamed up with Lolli, a cryptocurrency rewards company that Phan herself has invested $ 3 million in.

The partnership offers customers up to 4.5% Bitcoin to anyone who downloads Lolli’s web extension and makes purchases with Em Cosmetics. This means that instead of the usual cashback, Em Cosmetics customers get Bitcoin back.

Screenshot of the Cult Beauty website homepage

Online cosmetics retailer Cult Cult Beauty is using blockchain to fight greenwashing in the beauty industry. The company is a partner of technology transparency company Provenance and together they have introduced what are known as “Points of Evidence” on the Cult Beauty website.

Using blockchain technology and open data to verify sustainability and ethical claims made by cosmetic companies, Cult Beauty assigns ‘proof points’ to said companies that sell their products on the platform.

This means that when a cosmetics company claims their eyeliner is “cruelty-free” or their packaging is “recyclable,” Cult Beauty and Provenance will deploy blockchain technology to look for evidence to support those claims. The site will also ensure that the allegations are corroborated with an independent third party.

Companies that pass the test will then be given a proof point to show customers who buy from Cult Beauty that any green claims made are true, with links to official documents.

Screenshot of Look Labs website home page

Berlin-based fashion and beauty design firm Look Labs combines perfumes with blockchain, specifically NFTs.

Using near infrared spectroscopy (NIRS), a technology that measures vibrations in molecules, Look Labs recreates the “digital reflection” of a perfume. Described as a “Cyber ​​Eau de Parfum”, this colorful digital reflection is essentially the product of wavelength data collected via NIRS technology.

Related: What is a Non-Fungible Token (NFT)?

They are then encoded in an NFT and auctioned on NFT marketplaces. Anyone who successfully bid for NFT fragrances will receive both a digital certificate from the NFT and a physical bottle of the perfume.

In addition to perfume, Look Labs also plans to apply similar technology to its upcoming “digital fashion show”.

Blockchain is changing the beauty industry

These three companies exploit blockchain technology differently, but each has its own merit. Blockchain has already started to revolutionize the way other industries handle money, data, and logistics, so it’s pretty much inevitable at this point that technology will bring sweeping changes to the beauty industry.

If you are a beauty enthusiast reading this, why not do some research on the blockchain and check if your favorite beauty brand already implements blockchain technology.

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Is it possible to hack the blockchain?

Register of digital transactions, blockchain makes it difficult to modify digital assets. But can it be hacked?

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Specialty chemicals maker Rossari to acquire Tristar Intermediates for ₹ 120 cr


Bombay: Rossari Biotech Ltd, a manufacturer of specialty chemicals, announced Sunday that its board of directors has approved the acquisition of Tristar Intermediates Pvt. Ltd, the company said in a statement.

According to the agreement and subject to the usual closing conditions, Rossari will acquire 100% of the share capital of Tristar Intermediates. Seventy-six percent of the share capital will be acquired upon closing of the transaction, and the balance 24% over the next three years. The total enterprise value of the transaction is 120 crores.

Rossari plans to fund the investment in cash on its balance sheet and does not intend to incur debt for the acquisition, the statement said.

“The transaction brings together two companies with strong potential in the field of specialty chemicals. The mix of capabilities will add scale, provide cross-selling opportunities and accelerate Rossari’s growth, while significantly improving long-term value creation. The synergistic acquisition provides Rossari with an enhanced product portfolio, a stronger presence in new and untapped international markets and access to new technologies, ”the statement said.

The promoters of Tristar will continue to run the company for at least the next three years.

Tristar Intermediates, established in 1998, specializes in the manufacture of preservatives, aromatic chemicals and additives for the home and personal care. Based in Thane, Maharashtra, Tristar Intermediates is a preferred supplier to various reputable companies and multinationals in India, Europe, United States and countries of the Far East. Although it has a strong presence in the personal care and home care segments, the company’s wide product line also has applications in various industries such as pharmaceuticals, textiles, paints, automotive. , agrochemicals and others. Tristar Intermediates has manufacturing facilities in Sarigam (Vapi), Gujarat, with a total capacity of 15,000 MTPA.

In fiscal year 21, Tristar Intermediate sales amounted to 110.5 crore, with an Ebitda of 15.6 crore, Ebitda margins at 14.1% and PAT at 10.4 crores. In FY21, the personal care segment contributed 60% of revenue, and exports accounted for 53% of revenue.

“The combined capabilities will provide strong growth momentum and allow us to further expand into high potential product categories of personal care and home care, among others. The addition of new international markets, cross-selling opportunities, talent and technological know-how will also boost business efficiency, ”said Edward Menezes, promoter and executive chairman, and Sunil Chari, promoter and general manager by Rossari Biotech.

Based in Mumbai, Rossari operates two manufacturing plants in Silvassa and Dahej. The company offers tailor-made solutions for the home, personal care and performance chemicals, specialty textile chemicals, and animal health and nutrition.

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Women-Focused Brands Accept Crypto Payments That Drive Adoption

While Bitcoin (BTC) may be viewed as a store of value for many, some consumers around the world may think otherwise. Recent data have revealed that 46 million people in the United States plan to use cryptocurrency to pay for things like groceries or real estate. Payments giant Visa further revealed in July that its crypto cards processed more than $ 1 billion in total spending in the first half of this year.

As such, it should come as no surprise that big brands like Starbucks, Home Depot, and Target have started putting Bitcoin on their balance sheets. Yet, as crypto payments gain popularity and become easier to integrate, smaller brands, especially those aimed at women, are starting to accept crypto to drive adoption by women.

Beauty industry bets on Bitcoin

For example, the billion dollar beauty industry recently took an interest in Bitcoin. Ann McFerran, CEO and founder of Glamnetic – a cosmetic brand for magnetic eyelashes – told Cointelegraph that the company now accepts Bitcoin, Ethereum (ETH) and Dogecoin (DOGE) thanks to a recent partnership with payment provider Bitcoin BitPay. According to McFerran, Glamentic is one of the very first female-founded beauty brands to support crypto payments.

McFerran shared that she started investing in cryptocurrencies in 2017, but noticed that the space was heavily dominated by men. At McFerran’s point, the research firm BDC Consulting find that only 8% of all crypto users were female in 2019. After launching Glamentic in July 2019, McFerran was determined to incorporate crypto payments into the brand to encourage women to use cryptocurrency:

“The beauty industry is an industry where crypto payments are not widely accepted. I wanted Glamnetic to be one of the first brands to support crypto payments because I’m a big believer in cryptocurrency and because I want to bring more women into the space.

McFerran further mentioned that she believes there is still a lot of stigma associated with the way crypto is used today. “It was certainly not a secure payment method at the start,” she remarked. McFerran noted that events such as Silk Road and Mt. Gox have further resulted in women’s disinterest in crypto: “Even to this day, women are not fully educated in crypto. I want to educate others so they can understand the risks and what they might miss. “

While transactions with Bitcoin and other cryptocurrencies for cosmetics may encourage women to take an interest in cryptocurrency, this is only part of the equation. Sanja Kon, CEO of Utrust – a banking system for crypto payments – told Cointelegraph that educating women around crypto depends heavily on a brand’s ability to reach its consumer base with the right educational tools. :

“More beauty brands adopting cryptocurrency payments may increase awareness, but not necessarily use. Women should feel comfortable using cryptocurrency as a payment method. For this to happen, brands must provide support and educational content to promote adoption. “

According to Kon, Utrust is facilitating this move by investing resources in educational plans with the company’s traders. McFerran also noted that Glamnetic has started creating TikTok videos to educate consumers about cryptocurrency, which can have a big impact given the idea that younger consumers are more likely to own crypto. found that 27% of all millennials own or have owned some type of cryptocurrency.

McFerran added that Glamnetic will launch a Dogecoin-inspired magnetic eyelash collection to drive adoption: “I think people will be more open to the idea of ​​crypto if you turn this concept into a complete beauty product.”

While Glamnetic may be one of the first female-founded beauty companies to accept crypto payments, a handful of major cosmetic brands have also started incorporating crypto in other ways to boost female participation.

Related: What Can You Buy With Bitcoin: Places To Spend Your Crypto In 2021

Aubrey Strobel, communications manager at Lolli – an online Bitcoin rewards platform – told Cointelegraph that the company works with leading retailers including Sephora, Ulta, EM Cosmetics and Glossier. According to Strobel, women make up 30% of Lolli’s user base. “Historically, women have lagged behind men in space, but are the head of the vast majority of purchasing decisions for many households,” Strobel said.

Strobel explained that companies offering Bitcoin rewards to consumers are attractive to many shoppers, especially women who want to “stack sats” when shopping online.

This notion is highlighted in a recent report by The Defiant, titled “Global Report on Women, Cryptocurrency and Financial Independence”. In it, a woman named Christine noted that she occasionally learns how manage cryptocurrency by practicing with small transactions. She said she stacked sats to accumulate small amounts of Bitcoin over a long period of time. “When I travel, I like to buy coffee and other things with it,” Christine added.

Is Bitcoin Going To Impose In The Beauty Industry?

While it’s too early to say whether crypto payments for cosmetics will boost female participation in crypto, a small impact is already on display. McFerran said Glamnetic has already processed a handful of consumer crypto transactions. Yuvi Alpert, founder and CEO of Noémie – a jewelry company that has also recently integrated crypto payments – also told Cointelegraph that the brand has currently only seen crypto sales with its customers.

While this may be the case, the results show that the main commodities women are likely to spend cryptocurrency on are travel and entertainment, real estate, and furniture or appliances. Yet while crypto payments may be slow to catch on in the beauty industry, brands integrating cryptocurrency transactions are likely to gain a competitive advantage.

According to Kon, more and more brands, in general, are starting to understand the benefit of accepting cryptocurrencies as a method of payment:

“They will be able to significantly reduce their payment processing fees, because blockchain helps cut down on all traditional intermediaries, such as banks, payment processors, and credit card systems. In addition, these brands will be able to eliminate chargebacks and fraud, as well as increase their revenue by reaching out to new customers. “