CEO & FOUNDERDavid C. Chung

``I created iLABS to fill the gap in today's evolving beauty market, based on my deep understanding of the needs and challenges of each industry sector: brands, retailers and contract manufacturers.``

For decades, traditional contract manufacturers have remained stagnant in how they run their business model, making it difficult for smaller brands and new businesses to get started due to high minimum order quantities, long lead times, deprioritized production scheduling, etc.

Now, the beauty market’s demand for innovation keeps growing. Suppliers are challenged to keep up with, and to meet its needs.

iLABS is a B2B online platform that connects creative and experienced chemists around the world, allowing them to bring their brightest and best innovations to beauty brands.

Our customers can search the iLABS database to buy ready-to-go, high quality formulas.

https://ilabsus.com/wp-content/uploads/2019/10/ceo-2.png

HISTORYDavid up close

A Track Record For Success
  • Work Experience
  • Awards & Honours

Proactively envisioned multimedia-based expertise and cross-media growth strategies.
      – Identified and aggregated quality intellectual capital worldwide, at its source, to give qualified users direct access.
      – Created an online portal for easy access to viable products with quick turnaround.

  • 1990-2015
    Started Beauty Retail Stores: Mona’s & Cosmetic World
    – Precursor to Ulta & Sephora
    – Sold prestige beauty brands including Chanel, La Prairie, Christian Dior, and La Mer.
    – Expanded Cosmetic World to 7 locations within the state of California.
  • 2003
    Launched 3LAB
    – Prestige Skincare Line
    – Became #1 Seller at Barney’s within one year of launch.
  • 2004-2018
    Established Englewood Lab
    – Dissatisfied with quality standards of contract manufacturers for 3LAB, David decided to set up his own manufacturing facility.
    – State of the art R&D and manufacturing facility.
    – Service to more than 100 prestige beauty brands.
    – Skincare, color cosmetics & OTC items.
    – Provided innovation, product awards and best sellers.
    – Started with one kettle in one room in New Jersey of 2004.
    – IPO at Kosdaq in 2016
    – David sold controlling interest in 2018, company valuation at $157 M.
  • 2015
    Launched Farmacy Beauty
    – Clean skincare line
    – Concept to Launch cycle was 1 year.
    – Green Clean was #1 best selling cleanser at Sephora.
    – CEW Indie Beauty Awards, Allure Best Product Awards.

David received recognition not only through his products and lines, but also for his hard work ethic and the positive results from it.

  • 2016: IPO at KOSDAQ
  • 2015: CEW Indie Beauty Awards, Allure Best Product Awards
  • 1990-2015: Proprietary skincare brand became one of the best sellers at Barneys New York with Mona’s & Cosmetic World
INNOVATIONHeadquarters
Organically grow the holistic world view of disruptive innovation via empowerment.
OUR LOCATIONWhere to find us?
New Jersey: 1111 MacArthur Blvd, Mahwah NJ 07430
INNOVATIONHeadquarters
Organically grow the holistic world view of disruptive innovation via empowerment.
OUR LOCATIONWhere to find us?
https://ilabsus.com/wp-content/uploads/2019/10/img-footer-map.png
New Jersey: 1111 MacArthur Blvd, Mahwah NJ 07430

Copyright 2019 ⓒ INNOVATION LABS, INC | All Rights Reserved| Created by Baro Web Solutions

Copyright 2019 ⓒ INNOVATION LABS, INC | All Rights Reserved| Created by Baro Web Solutions