Fri, 01 Dec 2017 | BUSINESS SALE
It's been reported that the private equity owner of Europe's largest online beauty retailer Feelunique is exploring a sale of the company.
Sources have claimed that Palamon Capital Partners has commenced a sale process in recent weeks with investment bank Jefferies having been appointed to explore options for the business.
Palamon has owned Feelunique since 2012 when it paid £26 million for the UK business.
Feelunique sells more than 30,000 products from 500 brands such as Benefit, L'Oreal, and Charlotte Tilbury. Its make-up and skin care product covers 120 markets and has dedicated websites for the UK, France, the EU, Germany, Norway, China and the US.
Feelunique reported sales of £80 million in the year to March 2017, and has seen a 27 per cent increase in sales year on year. The company revealed that they sold nearly £6 million of stock during its recent Black Friday and Cyber Monday promotions – a 40 per cent increase on last year.
CEO Joel Palix said in a statement at the time: "Feelunique’s trading through the Black Friday promotion is further compelling evidence of the shift in the beauty sector to online purchasing.
"The focus we have given to establishing the leading technology-led digital platform in the sector, building an online community and solidifying our brand relationships, is really coming to fruition."
E-retailers such as Feelunique are seeing a surge in popularity in recent times, just as rising costs and fewer visitors mean many high street retailers are struggling. In the past year alone, several big name brands who have failed to adapt to an increasingly digital market have gone under.
More customers than ever before are buying their products and services online instead of in person, meaning there's an added importance for businesses to have a strong digital presence if they want to stay relevant.
Flooring Specialists: Domestic, Contract, Rentals, HMO, Housing Associations, Ecclesiastic, Schools and New Build. Well-Established. Highly reputable with multiple years of repeat business. Over 25 years of experience in the field. Domestic and Comme...
LEASEHOLD
The business for sale is a very well established, profitable tackle shop based in Shropshire. The shop offers a wide range of essential fishing equipment by various well-known brands. Great industry reputation. Reliable client base. Well-stocked shop...
LEASEHOLD
Exceptionally high turnover. Large premises in ideal location. High footfall. Recently refurbished. Huge scope for growth. Reputable brand. Offers invited.
LEASEHOLD
|
13
|
|
Sep
|
AFH Financial Group acquires two firms for £7.2 million | BUSINESS SALE
AFH Financial Group, a listed wealth management firm headqua...
|
12
|
|
Sep
|
Lucid Group completes acquisition of North West-based healthcare consultancy | BUSINESS SALE
Healthcare communication specialists, Lucid Group, has succe...
|
11
|
|
Sep
|
Controversial green energy firm goes bust and forced to appoint administrators | ADMINISTRATION
A small energy supplier providing green energy to 29,000 hou...
Sign up to receive our acquisition alert emails to get your FREE guide
|
13
|
|
Sep
|
AFH Financial Group acquires two firms for £7.2 million | BUSINESS SALE
AFH Financial Group, a listed wealth management firm headqua...
|
12
|
|
Sep
|
Lucid Group completes acquisition of North West-based healthcare consultancy | BUSINESS SALE
Healthcare communication specialists, Lucid Group, has succe...
|
11
|
|
Sep
|
Controversial green energy firm goes bust and forced to appoint administrators | ADMINISTRATION
A small energy supplier providing green energy to 29,000 hou...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources