Miniluxe Appoints Lanchi Venator as CFO, Reports Q1 Earnings and Announces CFO Transition

Miniluxe has appointed Lanchi Venator as CFO, replacing the previous CFO who transitioned out of the role. The company also announced a $6.175 million funding round and reported Q1 2025 financial results, which showed a 31% increase in loan interest revenue and an 88% increase in recurring free cash flow. Additionally, Miniluxe announced a franchisee operator partnership and a private placement financing of $5 million.

MiniLuxe Holding Corp. (TSXV: MNLX) has appointed Lanchi Venator as its new Chief Financial Officer (CFO), effective immediately. Venator replaces Elizabeth Lorber, who served as the acting CFO since mid-February 2025. Venator brings extensive experience in the beauty and multi-unit franchising sectors, having previously served as the Global CFO & Head of Strategy for KFC and Senior Vice President of Global Finance & Strategy at The Estee Lauder Companies [1].

Venator will report directly to MiniLuxe's CEO, Anthony Tjan, and is expected to drive growth and profitability, as well as deliver on the company's financial performance targets. "I am thrilled to have Lanchi join the team," said Tjan. "Her strategic and financial skills, combined with her passion for the beauty industry and our mission to transform the nail care industry, make her an excellent fit for MiniLuxe."

In addition to the CFO appointment, MiniLuxe reported its Q1 2025 financial results, showcasing a 31% increase in loan interest revenue and an 88% increase in recurring free cash flow. The company also announced a $6.175 million funding round, a franchisee operator partnership, and a private placement financing of $5 million [2].

MiniLuxe's equity-based compensation program for key executive officers and board members was also updated, with Venator receiving 750,000 options and 650,000 RSUs, along with a strike price of 0.41 cents CAD. The company's Board approved a zero cash and DSU (Deferred Stock Compensation) for Board Members collectively of 545,000 DSUs [1].

References:
[1] https://www.stocktitan.net/news/MNLXF/miniluxe-announces-appointment-of-lanchi-venator-as-chief-financial-6k4iv65nifu7.html
[2] https://www.marketscreener.com/news/miniluxe-appoints-lanchi-venator-as-cfo-ce7c5edddd88ff24