×
98 584
Fashion Jobs
KOHLS
Full-Time Loss Prevention Officer
Permanent · Elk Grove
KOHLS
Full-Time Loss Prevention Supervisor
Permanent · Huntsville
NORDSTROM
Asset Protection - Agent - Winter Park Square Rack
Permanent · Winter Park
NORDSTROM
Asset Protection - Agent - Millennia Crossing Rack
Permanent · Orlando
ULTA BEAUTY, INC.
Retail Operations Manager
Permanent · Daytona Beach
ULTA BEAUTY, INC.
co - Sales Manager
Permanent · Folsom
ULTA BEAUTY, INC.
General Manager
Permanent · Boise
ULTA BEAUTY, INC.
Retail Sales Manager
Permanent · Gresham
ROSS STORES
Store Protection Specialist
Permanent · Greenbelt
NORDSTROM
Asset Protection - Agent - Fashion Valley
Permanent · San Diego
NORDSTROM
Asset Protection - Agent - Northern Cal Distribution Center
Permanent · Newark
KOHLS
Senior Product Manager
Permanent · Menomonee Falls
KOHLS
Full-Time Loss Prevention Supervisor
Permanent · Greenville
MACY'S
Asset Protection Detective, Tacoma - Full Time
Permanent · Tacoma
MACY'S
Asset Protection Detective, Oxford Valley - Full Time
Permanent · Langhorne
MACY'S
Asset Protection Detective, Fairlane Town Center - Full Time
Permanent · Dearborn
MACY'S
Asset Protection Detective, University Park Mall - Part Time
Permanent · Mishawaka
MACY'S
Asset Protection Detective, Ridgedale - Flex
Permanent · Minnetonka
MACY'S
Buyer
Permanent · New York
MACY'S
Asset Protection Detective, Center City - Full Time
Permanent · Philadelphia
MACY'S
Visual Security Officer, Las Vegas Meadows - Flex
Permanent · Las Vegas
FOOT LOCKER
Manager, Public Relations, na
Permanent · New York
Published
Nov 13, 2017
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Warpaint buys smaller peer Retra to expand in gift market

Published
Nov 13, 2017

Warpaint London revealed an important acquisition on Monday as the fast-expanding cosmetics company bought Retra Holdings. It also announced a share placing to raise just over £21 million.


Warpaint London



Warpaint owns the W7 brand, among others, and has been growing fast since its recent IPO. Its purchase of Retra will give it greater exposure to other fast-growing part of the cosmetics market with its newly-acquired unit specialising in gift sets. Some 51% of its sales last year were gift sets, which it mainly makes for big-league high street players Boots and Superdrug. 

The remaining 49% of its business is made up of its own brands, including Technic, Body Collection and Man's Stuff, as well as the ‘white label’ cosmetics it produces for several major high street retailers including Asda and Matalan.
It’s profitable with pre-tax profit last year of £2.3 million on sales of £17.5 million so will be immediately earnings enhancing for Warpaint, even before any expected synergies are factored-in.

The new owner is paying a maximum for £18.2 million for the firm so the purchase will be covered by the proceeds of the share placing, 

In a statement, Sam Bazini and Eoin Macleod, joint CEOs, said: "This acquisition will provide Warpaint with access to new customers and suppliers, increased numbers of product development personnel and additional exposure to the gifting market, an area of increasing focus. The Acquisition will help to accelerate Warpaint's growth both domestically and internationally."

Copyright © 2021 FashionNetwork.com All rights reserved.