The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
The Manchester-based beauty e-tailer is working with investment bank GCA Altium to explore its exit options, Sky News reports.
Following a successful IPO for The Hut Group back in September, a stock market flotation is a likely outcome, but an outright sale could also be a possibility, sources told Sky.
Beauty Bay was founded in 2000 by brothers Arron and David Gabbie. Recently, the site has grown its customer base by leveraging social media and influencer marketing.
Today it sells desirable brands like Anastasia Beverly Hills, The Ordinary, Lilly Lashes and Jeffree Star Cosmetics, alongside original editorial content and beauty tutorials. It also has its own private label line, By Beauty Bay.
Beauty Bay’s sales soared more than 50 percent over the pandemic as shoppers shifted beauty spend online during lockdowns, netting £120 million on an annualised basis, according to Sky.
This month, BoF Careers provides essential sector insights to help beauty professionals decode the industry’s creative landscape.
From body cream to fragrance, L’Occitane’s crown jewel has lured TikTokers, tweens and shareholders alike. Now, at the height of its popularity, the latter thinks the buzzy beauty brand deserves its own public listing.
News of the luxury house expanding into cosmetics had fashion and beauty lovers buzzing about the latest extension of Hedi Slimane’s expanding universe.