Fri, 09 Apr 2010 | BUSINESS SALE
The fake tanning and skincare company, St Tropez is reportedly being groomed for sale by its private equity owners, Lloyds Development Capital (LDC).
LDC picked up the company for £70 million four years ago, netting Judy Naake, the founder of the UK business, a sizable windfall after building the business up for ten years.
Sales took off after a stream of celebrities, including Victoria Beckham and Elle Macpherspon, were pictured using the company's artificial tanning products.
It is believed that the investment bank Rothschild has been hired to advise on the sale.
The chances of LDC recouping its investment look slim, with industry analysts expecting bids in at around the £50m mark.
According to press reports, the the company's profits have risen to £4.7 million in 2009, althrough a check at Companies House reveals that St Tropez Group Ltd recorded a pre-tax loss of £5.489m to 31st July 2009 on a turnover of £18.7m.
This leading recruitment agency boasts over 30 years of expertise in mechanical and electrical engineering, offering a robust infrastructure and an extensive candidates' database.
Explore a dynamic business opportunity with a relocatable, eco-friendly contract packing and reworking specialist located in Norfolk.
A highly respected family business specialising in waste recycling is now available in West Yorkshire, offering a unique opportunity in a thriving industry.
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.