Ingrid Millet aims to broaden market with IPO
Non-surgical medical aesthetic services provider Ingrid Millet International aims to widen its market in Hong Kong and Mainland China by going public in Hong Kong.
Ingrid Millet mainly focuses on energy-based procedure services that are non-invasive and are relatively less risky. The company’s history goes back to 1986 when Casey HK, a company initially owned by Raymond Liu and his family, was incorporated. Liu acquired ownership control in Casey HK in 1999.
In 1959, the company acquired Ingrid Millet, a skincare brand founded in Paris in 1959 through a wholly owned company of Liu. He decided to transform the brand from a skincare product into a one-stop medical aesthetic services group with treatments and products all under its brands Ingrid Millet and Bioscreen.
Ingrid Millet earned 694 per cent more for the year to the end of March, while revenue grew by 25.5 per cent year on year.
Ingrid Millet plans to open new aesthetic centres in Hong Kong, Mainland China, and the UK by using a part of the net proceeds from the IPO. It currently has 81 centers in Hong Kong, including 70 aesthetic centres and 11 medical aesthetic healthcare centres. It also runs a beauty centre in Macau, three beauty centres and one aesthetic clinic in mainland China, and one beauty centre in France.