Billionaire Dennis Bastas in final stages of bidding for Australian skincare brand


Dennis Bastas, the wealthy tycoon behind Australia’s largest generic medication supplier, is one of many parties bidding for BWX’s skincare brand Sukin and its manufacturing facility.

According to the Australian Financial Review, Greenhill & Co is selling the Sukin brand and manufacturing site after BWX collapsed in April, owing the Commonwealth Bank around $105 million.

The Greek Australian and CEO of Arrotex Pharmaceuticals is in competition with NBC who is solely interested in the Sukin brand, whilst Mr Bastas is interested in both the brand and the 10-year lease at the Clayton-based purpose-built facility.

Dennis Bastas The Australian
Dennis Bastas. Photo: The Australian.

“The only reason I get out of bed every day is for a deal I haven’t done,” Mr Bastas expressed to The Australian Financial Review last year, demonstrating his enthusiasm in striking deals.

Final bids were due two weeks ago for Sukin, but Greenhill extended the timeframe to November 13, hoping for the sale to be completed this month.

Source: Australian Financial Review




By subscribing you accept our Terms of Service and Privacy Policy.


Latest News

Greek community raises $85,000 for St Elesa Food Initiative in Kogarah

More than $85,000 was raised for the St Elesa Food Initiative during a Fundraising Dinner which took place on Friday, May 10.

The HACCI National Federation introduces The Ellinikon to Australia

The HACCI National Federation hosted a series of events in Australia, presenting The Ellinikon, Europe's largest urban renewal project.

Ambassador of Greece meets with Greek Australian Parliamentary Friends group

The Ambassador of Greece in Australia, Stavros Venizelos, today met with Members of the Greek Australian Parliamentary Friendship group.

Heliades Women’s Network gather in Melbourne for double celebration

The Hellenic Women’s Network ‘Heliades’ gathered at YASSAS The Greek Way at Southbank, Victoria on Sunday, May 26.

Greek Democritus League’s celebration of workers in Melbourne

The Greek Democritus League held its annual May Day dance on May 18 at White Rose Receptions in Thornbury.

You May Also Like

Pfizer CEO urges patience on reopening economies as vaccine rolling out in UK ‘within days’

Bourla spoke Wednesday after Britain became the first country to approve a vaccine developed by Pfizer and German biotechnology company BioNTech.

Greek comedy-drama production in SA promises a ‘roller-coaster ride’ of emotions

As part of South Australia’s Odyssey Greek Festival, the play 'Mana, Mitera, Mama!' will be performed this weekend.

BREAKING: Greek Orthodox Archdiocese suspends service across churches in Victoria

The Greek Orthodox Archdiocese of Australia today announced that all Greek Orthodox churches in Victoria will be closed to the faithful from today, July 8.