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Babor issues strategy update as CEO Michael Schummert announces resignation
By Megan Whitby 27 Aug 2021
Michael Schummert (L) and Isabel Bonacker (R)
The Germany-based skincare company Babor Beauty Group has outlined its new strategic course and announced its long-time CEO Michael Schummert will step down at the end of 2021.

As of 2022, Schummert will assume the title of president premium private label and support Babor Beauty Group as an independent and external entrepreneur focusing on expanding the brand’s Premium Private Label business into a global player.

The Premium Private Label division develops exclusive skincare for dermatologists, influencers or celebrities. Schummert's focus will be the acquisition and development of these demanding customers.

Schummert’s successor is yet to be decided.

Babor Beauty Group co-owner Isabel Bonacker commented: "We’re pleased about this solution and the long-term positive perspectives and impulses for the sustainable dynamic growth of the group.

“We’ve outperformed in the global cosmetics market for years – partly due to our diversification. We see great potential in the Premium Private Label business and are so pleased that Michael will become a driving force in this area.

“We’d like to thank him for his many years of excellent work and are looking forward to continued success in this new set-up."

According to Babor Beauty Group, the new management set-up will reflect the dynamic development of the group and is the basis for further double-digit growth in the years to come.

Schummert added: "I’m very proud to be able to hand over the brand to my successor in excellent shape. After 14 wonderful and very successful years, I’m looking forward to a new entrepreneurial chapter in my career and to developing Babor’s Premium Private Label business”.

The company is implementing a flexible infrastructure to provide the Premium Private Label business unit with the necessary strength to accelerate international expansion.

In addition, the group has also recently announced plans to expand its operation with a second production and logistics site. The new location is being built 20km from its headquarters in Aachen, Germany.


News
1 to 12 of 7944 news stories
16 Oct 2021
Today (17 October) marks the first day of the annual World Spa and Wellness conference, hosted at London’s ExCeL exhibition centre. The two-day in-person event is curated for international spa and hotel directors to network ... More
14 Oct 2021
Minor Hotels is realising its first location in collaboration with established India-based beauty and wellness brand VLCC, two years after the partnership was announced in 2019. Founded in India in 1989, VLCC manages a chain ... More
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The Global Wellness Summit (GWS) has today announced its first round of speakers for the 2021 Summit. The 15th annual conference will take place in person in Boston, Massachusetts, and virtually all over the world, ... More
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Mindbody has announced it's buying ClassPass, the consumer wellness subscription service that enables people to use a range of gyms, studios and wellness facilities for one monthly subscription. The deal will bring two of the ... More
13 Oct 2021
Medical spa brand Lanserhof will open its first coastal resort on the island of Sylt in northern Germany, in Spring 2022. A €120m (US$138.7m, £101.9m) project over five years in the making, Lanserhof Sylt will ... More
13 Oct 2021
Singapore Airlines (SIA) has announced a new partnership with established US Californian health, wellness and destination spa resort Golden Door – the facility founded in 1958 by industry veteran Deborah Szekely. Golden Door experts – ... More
12 Oct 2021
Boutique hotel and spa The Grand Hotel Tremezzo on the South-West shores of Lake Como, Italy, has enhanced its wellness offering with the introduction of a new nature-orientated retreat. Set within 20,000sq m of parkland ... More
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08 Oct 2021
Following the official relaunch of the Gleneagles Spa in September, the team behind the Scottish country estate and hotel has announced an exclusive partnership with renowned naturopath, functional medicine specialist and Harley Street nutritionist, Rosemary ... More
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Modern US wellness brand The Well is set to open its first international holistic wellbeing retreat outside of the US at the Hacienda AltaGracia, Auberge Resorts Collection, located in the foothills of Costa Rica’s Talamanca ... More
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The Wellness Tourism Association (WTA) have unveiled the 2021 installation of its Wellness Travel Consumer Survey to help the hospitality and leisure industry gain a clearer understanding of wellness-minded consumers’ priorities as they plan their ... More
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Art of Cryo
Art of Cryo
Art of Cryo
Art of Cryo
News   Products   Magazine
NEWS
Babor issues strategy update as CEO Michael Schummert announces resignation
POSTED 27 Aug 2021 . BY Megan Whitby
Michael Schummert (L) and Isabel Bonacker (R)
The Germany-based skincare company Babor Beauty Group has outlined its new strategic course and announced its long-time CEO Michael Schummert will step down at the end of 2021.

As of 2022, Schummert will assume the title of president premium private label and support Babor Beauty Group as an independent and external entrepreneur focusing on expanding the brand’s Premium Private Label business into a global player.

The Premium Private Label division develops exclusive skincare for dermatologists, influencers or celebrities. Schummert's focus will be the acquisition and development of these demanding customers.

Schummert’s successor is yet to be decided.

Babor Beauty Group co-owner Isabel Bonacker commented: "We’re pleased about this solution and the long-term positive perspectives and impulses for the sustainable dynamic growth of the group.

“We’ve outperformed in the global cosmetics market for years – partly due to our diversification. We see great potential in the Premium Private Label business and are so pleased that Michael will become a driving force in this area.

“We’d like to thank him for his many years of excellent work and are looking forward to continued success in this new set-up."

According to Babor Beauty Group, the new management set-up will reflect the dynamic development of the group and is the basis for further double-digit growth in the years to come.

Schummert added: "I’m very proud to be able to hand over the brand to my successor in excellent shape. After 14 wonderful and very successful years, I’m looking forward to a new entrepreneurial chapter in my career and to developing Babor’s Premium Private Label business”.

The company is implementing a flexible infrastructure to provide the Premium Private Label business unit with the necessary strength to accelerate international expansion.

In addition, the group has also recently announced plans to expand its operation with a second production and logistics site. The new location is being built 20km from its headquarters in Aachen, Germany.
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MORE NEWS
World Spa and Wellness Convention 2021 kicks off in London
Today (17 October) marks the first day of the annual World Spa and Wellness conference, hosted at London’s ExCeL exhibition centre.
Minor Hotels to unveil medi-wellness facility in Thailand in partnership with VLCC
Minor Hotels is realising its first location in collaboration with established India-based beauty and wellness brand VLCC, two years after the partnership was announced in 2019.
The convergence of healthcare and wellness: Global Wellness Summit announces key topics for 2021 conference
The Global Wellness Summit (GWS) has today announced its first round of speakers for the 2021 Summit.
Mindbody buys ClassPass
Mindbody has announced it's buying ClassPass, the consumer wellness subscription service which enables people to use a range of gyms, studios and wellness facilities for one monthly subscription.
Lanserhof’s all-new €120m island wellness retreat in Germany set for Q2 opening
Medical spa brand Lanserhof will open its first coastal resort on the island of Sylt in northern Germany, in Spring 2022.
Healthy travel: Singapore Airlines and Golden Door team up to curate inflight wellness programme
Singapore Airlines (SIA) has announced a new partnership with established US Californian health, wellness and destination spa resort Golden Door – the facility founded in 1958 by industry veteran Deborah Szekely.
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17-18 Oct 2021

Professional Beauty London

ExCeL London, London, United Kingdom
31 Oct - 03 Nov 2021

GSN Buyers Conference - Green Spa Network

Ojai Valley Inn & Spa, Ojai, United States
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