After establishing itself as a top beauty clinic and brand in the Philippines, particularly among celebrities and influential figures, Belo Medical Group has its eyes set on a possible global expansion. Dr. Vicki Belo, company founder and dermatologist to the stars, has entered into a significant partnership with global investment firm Ares Management, setting the stage for the potential growth of her beauty clinic empire beyond Philippine waters.
Belo Medical Group Is Set To Go Global With New Agreement Deal
According to Insider Info, the "superstar deal" was finalized in July with New York-listed Ares Management where it acquired a majority stake in Belo Medical Group. While Dr. Belo will retain a minority position, she will gradually sell up to 70% of the business to Ares over the next two years. Currently, her husband, Dr. Hayden Kho, serves as the company's Managing Director.
For the unacquainted, Ares Management is a global investment powerhouse that manages over $420 billion in assets as stated in their website.Listed under the New York Stock Exchange, the company is said to be one of the world's leading alternative investment managers, evidenced by a strong track record of strategic investments in the beauty and healthcare sectors.
Ares Management’s investment in Belo Medical Group is valued at under P20 billion. This shows strong confidence in Belo’s established brand and loyal customer base and underscores Belo Medical Group’s potential to become a significant player in the global beauty industry.
What exactly does this investment deal mean?
For Belo Medical Group, this partnership signals a leap from a trusted local brand to a potential player on the international stage, setting up opportunities to expand its beauty services beyond the country.
This partnership could also mean potential collaborations with Ares’ other beauty investments, such as the United States' LaserAway and China's Lily & Beauty. For the Filipino market, this move may bring even more advanced treatments and cutting-edge wellness solutions. If the Belo brand succeeds in expanding internationally, it would mark a step forward for a Filipino-founded beauty empire competing globally.
Customers outside the Philippines might soon experience Belo's brand of beauty and wellness as the company eyes potential markets overseas.Though the majority stake is transitioning, Dr. Belo will maintain a key role in guiding the company's direction and ethos, ensuring her vision continues to shape Belo Medical Group.
This story originally appeared on Cosmo.ph. Minor edits have been made by the Preview.ph editors.
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