Madara Cosmetics
 | |
| Company type | Public company |
|---|---|
| Industry | Cosmetics |
| Founded | July 28, 2006 |
| Headquarters | Marupe, Latvia |
| Products | Body lotion, Balm, Skin care |
| Revenue | 18,940,466 Euro (2023)  |
| 1,694,339 Euro (2023) | |
| Total assets | 16,680,465 Euro (2023) |
Number of employees | 180 |
| Website | www.madaracosmetics.com |
MADARA Cosmetics also known as MÁDARA, is a Latvian manufacturer of organic skin care, hair care and baby care products. The ingredients include biologically certified blossoms and herbal extracts from the Northern and Baltic region.[1] The brand name MADARA is the Latvian name for a common inhabitant of Baltic meadows – Galium mollugo, commonly known as bedstraw or wild madder. Its spatial pattern or fractal is also depicted in the logo of MADARA Cosmetics, which received the EULDA/WOLDA[2] award and the title "Best of Latvia" in 2007.[3]
The company was co-founded by Lotte Tisenkopfa-Iltnere.[4] Cosmetics NORD is a subsidiary of MADARA.[5] MADARA Cosmetics is a publicly traded company listed in the NASDAQ First North market.[6]
Products
[edit]The company produces over 80 different cosmetic products, including face and body care products made from herbs and flowers harvested in the Baltic region according to organic farming principles.[7][8] Products include cleansers, toners and moisturizers for face, tinted moisturizers, shower soaps, body cream and lotions and products for lips.[9]
Sustainability
[edit]MADARA products are certified by ECOCERT[10] and packaged in FSC certified, recyclable packaging.[11]
In October 2022, MADARA became the first SME in the Baltic states to partner with the European Bank for Reconstruction and Development (EBRD) to reduce transport CO2 emissions by shipping products directly from the manufacturer to the customer.[5]
References
[edit]- ^ "WWF Deeper Luxury report: quality and style when the world matters
- ^ "Worldwide Logo Design Annual"
- ^ "Eulda - the European Logo Design Annual 2007". Archived from the original on 2009-10-01. Retrieved 2009-10-07.
- ^ ""Madara Cosmetics". No idejas par jaunu produktu līdz nopērkamam rezultātam reizēm paiet pat pieci gadi". LA.LV (in Latvian). Retrieved 2022-11-15.
- ^ a b "EBRD and EU help MÁDARA Cosmetics to strengthen business model » FINCHANNEL". 2022-10-03. Retrieved 2022-11-15.
- ^ "MADARA Cosmetics | Trading — Nasdaq Baltic". nasdaqbaltic.com. Retrieved 2024-03-09.
- ^ "Council Regulation (EC) No 834/2007 of 28 June 2007 on organic production and labelling of organic products and repealing Regulation (EEC) No 2092/91", Retrieved on 2009-10-07
- ^ "COMMISSION REGULATION (EC) No 889/2008 of 5 September 2008 laying down detailed rules for the implementation of Council Regulation (EC) No 834/2007 on organic production and labelling of organic products with regard to organic production, labelling and control", Retrieved on 2009-10-07
- ^ "MÁDARA ecocosmetics / News & blog". Archived from the original on 2009-10-05. Retrieved 2009-10-07.
- ^ "ECOCERT certified companies and products" Archived 2008-05-17 at the Wayback Machine, Retrieved on 2009-10-07
- ^ States, Forest Stewardship Council® – United. "Home". FSC United States. Retrieved 2018-08-31.