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BOSTON - MiniLuxe Holding Corp. (TSXV:MNLX), whose stock has surged over 72% in the past week and 56% over the last year according to InvestingPro data, announced Friday the appointment of Lanchi Venator as its new Chief Financial Officer, effective immediately.
Venator, who has been serving as a senior advisor to the company since early 2025, will take over all key financing, reporting and control functions from Elizabeth Lorber, who had been serving as Acting CFO since February 2025. Venator will report directly to CEO Anthony Tjan.
Prior to joining MiniLuxe, Venator served as Global CFO & Head of Strategy for KFC, where she oversaw 14 international Business Unit CFOs and a Strategy team based in Dallas. She previously spent 11 years at The Estee Lauder Companies as Senior Vice President of Global Finance & Strategy and Chief of Staff to the EVP & CFO.
"I am super excited to join the MiniLuxe team. The past months have clearly demonstrated to me the potential value creation opportunity within MiniLuxe," said Venator.
As part of its equity-based compensation program, the company issued 750,000 options and 650,000 Restricted Stock Units to Venator with a strike price of 0.41 cents CDN, representing a premium to the prior day’s closing price. The board also approved 545,000 Deferred Stock Units for board members. The $60.85M market cap company currently generates annual revenues of $26.62M with a gross margin of approximately 41%, though InvestingPro analysis indicates the company is not yet profitable.
MiniLuxe, based in Boston, Massachusetts, is a lifestyle brand focused on delivering nail care and esthetic services along with proprietary products. The company states it aims to transform the nail care industry through improved standards, technology, and socially responsible labor practices.
The information in this article is based on a company press release.
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