Telemos Capital (“Telemos”), an evergreen investment company, has completed its acquisition of a majority stake in Lovehoney, a leading online retailer of sexual happiness products. The transaction is Telemos’ first investment in the UK. Financial details have not been disclosed.
Established in Bath in 2002 by Richard Longhurst and Neal Slateford, Lovehoney is a market leading pure-ecommerce retailer, focusing on female users and couples. Distributing a mix of own label and third-party products Lovehoney has grown into an international success, delivering record sales in the region of £100 million for the year ended March 31, 2018. 60% of sales came from the UK, with the remainder from Europe, US and Australia, all of which have achieved significant growth in recent years. The business delivered strong compound annual sales growth of circa 30% in the last three years. In recognition of the business’ achievements Lovehoney received the Queen's Award for Enterprise in 2016.
Telemos comprises a team of a highly experienced investment professionals that combine the best of private equity and permanent growth capital. Telemos identifies and supports exceptional management teams in consumer goods, healthcare services and business services to help them realise their long-term objectives. As a flexible and nimble investor, Telemos’ distinct structure and expertise makes it a leading, new generation European private equity firm, looking to identify and unlock growth opportunities which may be overlooked by traditional investors.
With the backing of Telemos, Lovehoney will accelerate its plans for international expansion, tapping into fragmented and underdeveloped markets and building on its strong consumer engagement. Lovehoney will invest in new technology and marketing, allowing the business to raise its profile in new geographies, and to continue to evolve its excellent customer service, online content, community and innovative new products.
Lovehoney has released a limited edition Royal Wedding Vibrating Love Ring in gold and a silver Markle Sparkle Vibrating Finger Ring ahead of the ceremony on May 19; The online sex toy retailer posted record profits and sales last year after being honoured by the Queen for boosting UK exports - and the owners met Her Majesty and Prince Philip at Buckingham Palace
Sex toys celebrating Prince Harry and Meghan Markle’s wedding have gone on sale. Lovehoney has released a commemorative Royal Wedding Vibrating Love Ring in gold and a silver Sparkle Markle Vibrating Finger Ring ahead of the ceremony on May 19. The limited edition £9.99 rings are aimed at royal fans who want a sexy souvenir to remember the ceremony at Windsor Castle. The boxes feature fun cartoon images of Prince Harry and his American fiancé alongside the products.
Lovehoney product director Bonny Hall said: “Harry and Meghan are a breath of fresh air and the sexiest thing to happen to the royals in years, so we thought it would be fun to produce two very different kinds of ring in gold and silver for the most passionate royalists. “They will help couples all over the world to celebrate the Windsor Castle wedding with a bang! “The Royal Wedding Vibrating Love Ring is adapted from the world’s most popular couples’ toy. “Just slip the ring onto his Prince Charming and enjoy mutually stimulating benefits during love-making. “The Markle Sparkle Vibrating Finger is worn on the finger to provide added royal spice to foreplay. “We adore the royals at Lovehoney and were thrilled to be honoured by the Queen two years ago. “We hope everyone will see the fun side of these cheeky souvenirs.” Lovehoney has produced two royal souvenirs previously including a Her Majazzle crystal tattoo kit for the Queen’s Diamond Jubilee six years ago - inspired by the craze at the time for ‘vajazzling.’ Lovehoney said it was a ‘sparkling street party for your sexy bits.’
Lovehoney - the UK’s largest online sex toy retailer - was awarded the Queen’s Award For Enterprise two years ago for boosting exports. Owners Richard Longhurst and Neal Slateford met the Queen and Prince Philip at a reception at Buckingham Palace for award winners. The accolade helped the Bath-based firm to achieve record £9 million profits after sales surged 31% to £76 million last year.
Bath Comedy Festival and VisitBath are ‘buzzing’ after announcing their substantially increased sponsorship collaboration with Lovehoney, the UK's largest online sex toy retailer.
If you're looking for something to warm the cockles this January then look no further. The annual sell-out comedy night Sex Appeal is back for the 7th year running.
An impressive line-up of comedy stars will take to the stage on January 27 2018 to raise vital funds for Brook, the UK's leading sexual health and wellbeing charity for young people.
The star-studded line-up includes Andrew O'Neill, David Mills, Deborah Frances-White, Gráinne Maguire, Johnny Cochrane, Nish Kumar, Shazia Mirza, Sindhu Vee, Tez Ilyas and Vikki Stone. The fabulous Four Femmes on the Thames will be closing the show. All the fantastic artistes are generously donating their time and talent so that all profit raised through ticket sales directly benefits young people.
Body Positive model Ashley Alexiss stars in a new collection of sexy images for Christmas for Lovehoney Lingerie.
Ashley has posed in shots for the luxurious new line, Moonlight. Ashley said the new collection was created to increase body confidence and inspire women to look in the mirror and think: 'Damn - I'm hot.'
Designed in-house by former Marks & Spencer and La Perla designer Heather Mercer, Moonlight is affordable, high quality and sexy - designed to make you feel amazing.
Modelled by Boston-born Ashley Alexiss, an advocate for body positivity and body confidence, the range comes in a variety of sizes to cater for all body types. Standing at 5'4 and a UK size 16, Ashley, 26, has become a modelling sensation over the past seven years with her inspirational slogan: 'Beauty Is Not A Size.'
Final collection of official Fifty Shades Freed Pleasure Products launches
*E L James says: "The products are breathtaking. They truly are what I dreamt of."
*The products are designed for couples play and have been designed to reflect the growing intimacy and passion of the inimitable heroes of the blockbusting trilogy, Ana Steele and Christian Grey.
*Over 3 million units of The Fifty Shades of Grey range have been sold to date worldwide since Lovehoney announced that they were working on products authorised and co-designed by E L James.
A new collection of Fifty Shades Freed pleasure products has been launched as the trailer for Fifty Shades Freed whips fans of the best-selling books into a frenzy.
*Business is booming post-Brexit as adult retailer Lovehoney posts record profits of £9 million
*Sales are also up by 31% after the online firm was honoured by the Queen
Business is booming in the UK post-Brexit after pre-tax profits at adult retailer Lovehoney surged by 76%.
The rise from £5.1million to £9 million was due to strong website growth following the decision to leave the EU last year.
Sales were also up 31% - increasing from £58 million to £76 million - after the online firm achieved official recognition from the Queen.
Bath-based Lovehoney received the Queen's Award for Enterprise last year and owners Richard Longhurst and Neal Slateford met the Queen and Prince Philip at an official reception at Buckingham Palace.
The majority of sales came from three territories - UK (£50 million, up 16% on last year), Europe (£6.4 million, up 51%) and the rest of the world (primarily US and Australia) where sales shot up by 71% from £11.5 million to £19.8 million.
Lovehoney attributes a large part of its success to the fact that it is the only sex toy retailer in the world to develop branded licensing deals.
Broad City series 4 starts on Comedy Central in the UK tonight (Tuesday, Oct 17).
It is one of the most hotly anticipated British comedy launches of the year and the new series has gone down a storm in the States after launching there last month.
Fans of the show may enjoy this brand new Broad City sex toy collection from Lovehoney - it is an official range developed in conjunction with the show and backed by Abbi and Ilana.