REUTERS/Navesh Chitrakar/File PhotoNEW YORK, Aug 9 (Reuters) - Body Art Alliance is exploring options including a sale that could value the supplier of tattoo and body art products at nearly $1 billion, including debt, according to people familiar with the matter.
Representatives for Body Art Alliance and Jefferies declined to comment.
Body Art Alliance's move to explore a sale comes amid a global surge in the popularity of body art, especially among the younger generation.
The company was launched in 2020 by the founders of four body art companies - FK Irons, Painful Pleasures, NeoMetal and World Famous Ink.
It is now affiliated with dozens of global brands that sell tattoo and body art products, which include body ink and piercing equipment, to artists and customers.
Persons:
Ravan, Navesh, Jefferies, Abigail Summerville, Leslie Adler
Organizations:
REUTERS, Alliance, Jefferies, Group Inc, Body Art Alliance, FK Irons, Thomson
Locations:
Kathmandu, Nepal, Hanover , Maryland, U.S, New York