A conversation with Xavier Leclerc, CEO of IBG (Innovative Beauty Group)
EURO COSMETICS: IBG was recently acquired by Fremman Capital, a European private equity firm What does this mean for IBG?Xavier Leclerc: Since I created IBG with PAI Partners in 2019, the company has experienced exceptional growth with our revenues and number of employees increasing sixfold. This exceptional growth has been driven by a strategic, 50/50 mix of acquisitions that provide initial platforms and organic growth that leverages exceptional teams of entrepreneurs in all regions.Well balanced between America and Europe, and with recent development in China, we have among the industry’s most diversified portfolio of customers and products. Creating IBG – a service business – in an industrial group was a real challenge, but thanks to PAI and FrancoisLuscan’s support we achieved these ambitions and are…