Beauty company BWX (ASX: BWX) share price rose an impressive 5.3 per cent after management presented at the Macquarie Group Ltd (ASX: MQG) investor conference.
BWX is Australia’s leading natural skincare company with a range of natural brands. It’s leading line is Sukin.
The global natural beauty and personal care market is projected to be a $50 billion industry by 2019 and it’s growing at a 14 per cent CAGR since 2015.
BWX has gone on an acquisition spree over the past year, adding US brands Mineral Fusion and Andalou Naturals to its portfolio.
Shares in BWX (ASX: BWX) closed 5.29 per cent higher to $5.37 yesterday.