Tue, 02 May 2017 | BUSINESS SALE
A group led by one of Yorkshire’s most successful entrepreneurs has acquired the owner of a number of beauty and personal care brands.
Graham Royle’s GRI Group has snapped up I Love Cosmetics (ILC), whose brands include I Love…, New York Professional, The Good Stuff! and Balmi, Insider Media reported.
Under the acquisition, terms of which were not disclosed, ILC will become a subsidiary of GRI Brands Ltd. The firm said the beauty firm would “grow with flair and passion”.
As part of the move the business will operate with its existing team, headed by managing director James Brown, with Royle becoming ILC’s new chairman and chief executive.
I Love Cosmetics’ brands supply the health, beauty and toiletry markets, with products including beauty care, bath and body, hair care and lip care.
Graham Royle said: "ILC will strategically complement our group of associate companies, which offer excellent synergies to each other.
“The brands’ business takes the group further downstream from its ingredients and products’ manufacturing facilities and offers many new market opportunities.
"ILC enjoys a valued position with both its incredible range of suppliers and customers and from day one we have already begun to implement a comprehensive strategy of growth, which will see significant product development and geographical market development. We are also targeting to acquire more brands to bring into the portfolio."
Find retail businesses for sale.
Subscribe to Business Sale Report here
The company has designed and developed a wide range of specialist training programmes, which can be delivered on-site or online. Operates from several strategically located, purpose-built training facilities, designed to support memorable learning ex...
LEASEHOLD
Long established and highly profitable on-line retailer of premium quality rattan/wicker home furniture/storage products. Established as one of the country's leading suppliers of a large range of rattan products for the modern home. The products are...
RELOCATABLE
The company specialises in domestic and industrial garden machinery, cleaning equipment, spares and parts. Products include, pressure washers, vacuum cleaners, hedge trimmers, strimmers and heaters.
LEASEHOLD
24
|
Feb
|
Nestlé acquires recipe kit firm SimplyCook | BUSINESS SALE
Nestlé has strengthened its position in the e-commerc...
23
|
Feb
|
Lockdown exit: What does the road map look like for UK businesses? | BUSINESS NEWS
After a winter spent almost entirely in lockdown, the govern...
22
|
Feb
|
Modular Group acquires Euramax Solutions with BFS backing | BUSINESS SALE
Modular Group Investments has acquired Barnsley-based window...
Sign up to receive our acquisition alert emails to get your FREE guide
02
|
Sep
|
Deadline passes for Debenhams bids | BUSINESS SALE
The deadline for bidders to submit their offers for departme...
23
|
Aug
|
Administrators called in for energy technology firm Faraday Grid | ADMINISTRATION
Faraday Grid, an Edinburgh-headquartered energy transformer ...
19
|
Aug
|
Childcare entrepreneur boosts portfolio with Liverpool acquisition | BUSINESS SALE
The Griffin Nursery, a children’s day nursery in Bootl...
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