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Fusion Brands new ownership

This article was originally published in The Rose Sheet

Executive Summary

Beauty and fragrance firm Fusion Brands announces retirement of CEO Randi Shinder, who is selling her stake in the company to its majority shareholder, Canadian billionaire Eugene Melnyk, now the sole owner. Fusion Brands says it is in the process of appointing Shinder's successor and will make an announcement soon. "After eight memorable years as founder and CEO of Fusion Brands, Inc., I have decided to sell my remaining equity and take a well deserved break to spend more time with my family," Shinder states May 8. "I will be leaving a great team at Fusion Brands, as well as so many supportive industry colleagues that have been integral to my success." Melnyk acquired a 55% stake in the company in August 2006. He is a founder of specialty pharmaceutical company Biovail Corporation. Fusion Brands makes and markets FusionBeauty skin care and CLEAN perfume

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Pieper-Vogt to head Fusion Brands: Former senior VP at Clarins USA, Caroline Pieper-Vogt takes helm of Fusion Brands, the marketer of LipFusion Micro-Injected Collagen Lip Plump and popular Clean fragrance line. Also having served as global VP of Prada Beauty and in positions with Chanel and Estee Lauder, Pieper-Vogt "brings a fresh, creative and global perspective to Fusion Brands' product development and branding," according to Eugene Melnyk, owner and chairman. "With her well-respected management style and extensive industry knowledge, Caroline represents the veteran leadership required to build upon the quality and innovation that defines Fusion's exceptional products and unique position in the marketplace," he says. Pieper-Vogt succeeds Randi Shinder, who in May announced her retirement and sold her piece of the company to Canadian billionaire Melnyk, then Fusion's majority shareholder (1"The Rose Sheet" May 18, 2009, In Brief)

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