×
33 051
Fashion Jobs
FOOT LOCKER
Technical Program Manager
Permanent · Milwaukee
FOOT LOCKER
Overnight Assistant Operations Manager
Permanent · Miami
FOOT LOCKER
Overnight Assistant Operations Manager
Permanent · East Rutherford
ROSS STORES
Store Protection Specialist
Permanent · San Pablo
ROSS STORES
Store Protection Specialist
Permanent · El Paso
ROSS STORES
Store Protection Specialist
Permanent · Oklahoma City
ROSS STORES
Store Protection Specialist
Permanent · Dallas
CLARKS
Account Executive Channel Sales
Permanent · Waltham
CLARKS
Merchandise Planning Manager
Permanent · Waltham
RALPH LAUREN
Polo Factory Store - Store Selling Manager
Permanent · Jeffersonville
CHICO'S
District Manager - Philadelphia (Chico's)
Permanent · POTTSTOWN
CHICO'S
District Manager (Soma) Northeast
Permanent · TRUMBULL
AEROPOSTALE
Cost Accounting Manager, Sparc Group
Permanent · Lyndhurst
NORDSTROM INC
Asset Protection Agent
Permanent · Portland
NORDSTROM INC
Asset Protection Agent Burbank Center Rack
Permanent · Burbank
NORDSTROM
Loss Prevention Agent - Bellevue
Permanent · Bellevue
NORDSTROM
Area Manager - Dubuque, ia
Permanent · Dubuque
NORDSTROM
Asset Protection - Agent - Santa Monica Place
Permanent · Santa Monica
NORDSTROM INC
Asset Protection - Security Ambassador - The Mall at Short Hills
Permanent · Millburn
NORDSTROM
Loss Prevention Agent The Orchards Rack - $200 Sign-on Bonus
Permanent · Westminster
NORDSTROM INC
Asset Protection - Security Ambassador - Thousand Oaks Janss Mrkt Rack
Permanent · Thousand Oaks
ESTÉE LAUDER COMPANIES
Senior Business Analyst, Global Comms & Lauder Family
Permanent · New York
Published
Oct 10, 2019
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Cult Beauty reportedly up for sale

Published
Oct 10, 2019

Online beauty business Cult Beauty is reportedly eyeing a sale with the fast-growing firm having hired bankers to advise it.


Cult Beauty



JP Morgan is believed to be on board to advise founders Alexia Inge, a former model, and Jessica DeLuca, although no formal sale process has yet started.

The plan was reported by Sky News, which said that a sale might not happen until next year and that rather than an outright disposal of the business, the founders and their external backers could decide to sell a percentage only.

The retailer sells a variety of on-trend brands including Drunk Elephant (which is in the news itself as it too changes hands), GHD, Becca, Hourglass, Nars, Morphe, Huda Beauty and Gwyneth Paltrow’s Goop.

With sales having almost doubled in the year to May 2018 to reach £68.9 million, analysts believe the purchase price could be in the hundreds of millions, despite operating profits for that year having been just about flat at £3.7 million.

It’s unclear exactly what the results will be for the year to May 2019, but the company has said that its growth is continuing, although at a slower pace than the rapid acceleration in the previous 12 months. 

Neither the company nor JP Morgan have commented on the Sky story.

Copyright © 2021 FashionNetwork.com All rights reserved.