Company Research Report: Vacation Inc.
Company Overview
Name: Vacation Inc.
Mission of the Company: Vacation® is dedicated to offering "Excessively Good" and "Leisure-Enhancing" sunscreen products for those who demand the best from life.
Founded By: No information is available.
Key People in the Company:
- Lach Hall, Founding Partner
- Dakota Green, Founding Partner
- Marty Bell, Founding Partner
Headquarters: Miami, USA
Number of Employees: No information is available.
Revenue: As of the latest update, Vacation Inc. expects to hit $20 million in retail sales by the end of the year.
What is the Company Known For:
Vacation® is known for its innovative, fun, and nostalgic approach to sunscreen. The brand leverages a unique marketing style and product development strategy to make sunscreen an enjoyable experience. Vacation® collaborates with renowned perfumers and dermatologists to create products that are both effective and engaging.
Products
1. Classic Whip SPF 30
Description: A lighter-than-air sunscreen mousse designed to provide SPF 30 protection.
Key Features:
- Cruelty-Free, Oxybenzone-Free, Paraben-Free, Octinoxate-Free, PEG-Free, Vegan
- Hawaii Reef Compliant Act 104
- Developed with ARQUISTE Parfumeur
- Water-resistant up to 80 minutes
- Includes natural hydrators like coconut oil, aloe vera, banana extract, vitamin E, and shea oil.
2. Orange Gelée SPF 30
Description: A nostalgic, yet modern take on a French Riviera classic SPF 30 sunscreen gel.
Key Features:
- Mineral Oil-Free, Cruelty-Free, Oxybenzone-Free, Paraben-Free, Octinoxate-Free, PEG-Free, Vegan
- Iconic orange-tinted formula that delivers shine
- Rich in natural oils and butters for hydration
- Developed with a panel of beauty experts and fans.
3. "VACATION" by Vacation® Eau de Toilette
Description: Eau de toilette inspired by the signature scent of the Vacation® brand sunscreen.
Key Features:
- Blends classic sunscreen notes with poolside notes
- Developed by Carlos Huber and Rodrigo Flores-Roux
- Includes scents like coconut, banana, pineapple, orange blossom, and pool water.
4. Chardonnay Oil SPF 30
Description: Lightweight SPF 30 sunscreen oil made from Chardonnay grape seed oil.
Key Features:
- Cruelty-Free, Oxybenzone-Free, Paraben-Free, Octinoxate-Free, PEG-Free, Vegan
- Dermatologist Approved
- Contains nutrients like marula oil, passion fruit seed oil, jojoba oil, and shea oil for elegant skin shine
- Hawaii Reef Compliant Act 104.
Recent Developments
1. Expansion and Partnerships
- New Retail Partnerships: Vacation Inc. expanded to 700 more Ulta Beauty locations, bringing their total to 1,200-plus stores.
- Other Partnerships: Available at The Standard hotels, Kith, Nordstrom, and other local destinations.
2. Product Launches and Features
- Super Spritz SPF 50 Face Mist: Launched as the brand's first daily product aimed at users who go from beach to boardroom.
- After Sun Gel: Expected to launch in April 2023.
3. Fundraising
- Series A Funding Round: Secured $6 million Series A capital raise led by Silas Capital, bringing total fundraising to $11.2 million.
4. Sales Projections
- Retail Sales Target: The company aims to reach $20 million in retail sales by the end of the current year.
5. Virality of Products
- TikTok Traction: Videos of Vacation® products, particularly the Classic Whip SPF 30, have garnered significant attention with over 50 million views on TikTok in two months.
Note: This report aims to deliver a comprehensive overview based on the available data; certain details might be absent due to a lack of information.