A significant online beauty retailer is potentially up for sale as reports indicate advisors have been engaged to assess the business. Beauty Bay, established in 1999 by siblings Arron and David Gabbie and headquartered in Manchester, offers over 200 brands on its platform, including Ariana Grande, Clinique, and MAC, alongside its own product line.
According to a recent report from Sky News, Beauty Bay is exploring various funding options, including a potential complete sale of the company. The advisory firm, Interpath, is collaborating with Beauty Bay on this initiative. Currently, Beauty Bay has a workforce of 65 employees, and inquiries have been made to the company by the Mirror for comments.
In related news, beauty brand Malin + Goetz recently entered administration, resulting in the closure of its seven UK stores. The affected stores are located in London, including Seven Dials, Soho, Spitalfields, Islington, Canary Wharf, Battersea Power Station, and Borough Yards, impacting over 70 jobs. Online orders for Malin + Goetz have been temporarily halted, with a message on their website stating they will return shortly.
While the Malin + Goetz website undergoes maintenance, customers can still purchase their products through third-party retailers like Liberty, John Lewis, and Space NK. The company’s spokesperson informed TheIndustry.beauty of the decision to place the UK business into administration due to exhaustive reviews and the absence of viable alternatives, leading to the closure of stores and the head office.
Malin + Goetz, founded in New York in 2004 by Matthew Malin and Andrew Goetz, initially started with six products catering to all skin types and later expanded into fragrance, body care, and other beauty segments. The website is expected to resume operation after a brief maintenance period, although the duration remains uncertain.