E-Commerce Giant Buys Luxury Spa & Skincare Brand Hot on the heals of their recent acquisition of Glossy Box, the Hut Group have announce their purchase of leading British spa brand ESPA in a deal set to be worth over £100 million. The Hut Group have proven themselves as leaders in the the beauty e-commerce space with sites including LookFantastic.com and HQHair.com. This latest acquisition sees them add to their beauty brand portfolio alongside MIO Skincare. Speaking of their new addition THG Chief Executive Matthew Moulding said: “We intend to invest substantially in the ESPA brand, especially in manufacturing...Read More
Category: Industry News
Estée Lauder Companies Inc. have announced that it is in the process of acquiring BECCA Cosmetics, with the deal expected to close in November 2016. Premium cosmetics range BECCA launched in 2001 and has enjoyed exceptional growth over that last several years with noted collaborations with MUA & YouTube sensation Jacyln Hill including the best selling Champagne Pop highlighter. Speaking of the take-over, Fabrizio Freda, President and Chief Executive Officer of The Estée Lauder Companies Inc. said “Its unique focus on complexion products that flatter a wide range of skin tones, combined with its sophisticated yet accessible consumer and digital...Read More
Award winning, Irish Organic seaweed brand Voya has recently become the first spa product house in the world to gain a Wellness for Cancer accreditation, having been trained by the American organisation to deliver safe, nurturing services to spa guests who are survivors of cancer or undergoing treatment. The training for Wellness for Cancer accreditation teaches therapists to “bring compassion, sensitivity and mindfulness into the treatment room”, and includes client comfort, the benefits of touch and how to make clients feel complete tranquility during treatment. Emma Roberts, Head of Sales for VOYA comments, ‘The ethos and organic nature of...Read More
It is commonplace within the beauty industry for brands to be bought over/acquired by big multinational companies. Independent beauty brands are always joining the family of well known beauty industry powerhouses such as Estee Lauder and L’Oreal. Its no biggy and for many it means you will see greater distribution of niche brands that were once hard to find. Take the cult NYX cosmetics brand – a drugstore favourite in America, that was somewhat hard to find outside of specialist retailers in Ireland and the UK. L’Oreal made a very smart and strategic move when acquiring this range –...Read More
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