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
Offers an extensive range of specialist property development solutions. Provides a multitude of security systems, including installation and maintenance. Works with circa 140 active clients, 85% of whom provide repeat business. Offered for sale to fa...
FREEHOLD
Company 1: High-end designers and makers of furniture and kitchens to both private individuals, and commercial clients. Fully bespoke and high value work. Company 2: A highly recognised brand, sheet materials cut to size, edge-banded and spray finish...
LEASEHOLD
Supplies a range of products, including crates, beds, leads and toys to private and trade customers across the UK and internationally. The company owns the full product ranges and IP for brands of dog identification tags which can be engraved in-hous...
LEASEHOLD
|
31
|
|
Mar
|
Coronavirus Business Interruption Loan Scheme to cover business acquisitions | BUSINESS NEWS
The UK government has launched the Coronavirus Business Inte...
|
30
|
|
Mar
|
Tech group The Panoply acquires consultancy firm Ameo | BUSINESS SALE
Business consultancy firm Ameo has been acquired by AIM-list...
|
27
|
|
Mar
|
Addison Lee acquired by consortium of investors | BUSINESS SALE
Addison Lee Group, London’s biggest private care hire ...
Sign up to receive our acquisition alert emails to get your FREE guide
|
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...
|
19
|
|
Mar
|
Prominent stationery supplier enters administration | ADMINISTRATION
Another British high street retailer has fallen victim to th...
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