×
1 313
Fashion Jobs
PETER ALEXANDER
Stock Coordinator - Full Time - Peter Alexander nz - Sylvia Park
Permanent · Auckland
SPORTS GIRL
ea to General Manager – Sportsgirl
Permanent · Melbourne
DAVID JONES
Business Process Analyst
Permanent · Melbourne
DAVID JONES
Art Director- Trenery
Permanent · Melbourne
PUMA
Territory Manager - Cobra
Permanent · Sydney
PUMA
Warehouse Manager
Permanent · Moorabbin
DAVID JONES
Womenswear Merchandise Planner - Contract
Permanent · Melbourne
JUST JEANS
Stock Coordinator - Part Time - Just Jeans nz - Hornby Dfo
Permanent · Christchurch
DAVID JONES
Traffic Manager - Creative- Country Road
Permanent · Melbourne
DAVID JONES
Visual Merchandising Manager - David Jones Wollongong
Permanent · Sydney
ESTEE LAUDER
Clinique - Consultant - Central Coast Kotara - Part Time
Permanent · Central Coast
THE JUST GROUP
Operations Manager
Permanent · Melbourne
ESTEE LAUDER
Clinique - Consultant - Carousel - Part Time
Permanent · Melbourne
DOTTI
Supply Coordinator - Dotti
Permanent · Melbourne
DAVID JONES
Loss Prevention Officer – David Jones Elizabeth Street
Permanent · Sydney
DAVID JONES
Loss Prevention Opportunities - David Jones Melbourne
Permanent · Melbourne
DAVID JONES
Operations Manager - David Jones Doncaster
Permanent · Melbourne
DAVID JONES
Loss Prevention Manager - David Jones Canberra Centre
Permanent · Canberra
DAVID JONES
Loss Prevention Opportunity - David Jones Queens Plaza
Permanent · Brisbane City
JUST JEANS
Supply Coordinator - Just Jeans
Permanent · Melbourne
ESTEE LAUDER
Clinique - Consultant - Myer Fountain Gate - Ppt
Permanent · Melbourne
THE JUST GROUP
Regional Manager - Victoria
Permanent · Melbourne
Published
Jul 23, 2021
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Sephora confirms Feelunique buy, no purchase price disclosed

Published
Jul 23, 2021

LVMH’s premium beauty operation Sephora has confirmed the widely expected acquisition of Feelunique. It has signed an agreement with Palamon Capital Partners and other shareholders to take over the UK-based online beauty retailer.


Facebook: Sephora



The likelihood of the deal had been flagged at the weekend by The Sunday Times newspaper. It’s not complete yet as it needs the nod from various competition authorities and completion is expected at some point in H2.

No purchase price has been disclosed, but earlier reports had suggested the business was valued at around £132 million (almost €153 million).

Sephora, which had pulled out of the UK some years ago, said it’s a key step in establishing its presence in the country, citing Britain’s status as one of the top 10 global markets for prestige beauty and its embrace of digital. Britain is one of the world’s leading markets for e-commerce with high digital adoption, something that has accelerated since the pandemic began. The purchase gives Sephora instant scale in the UK without needing to open stores.

Feelunique was founded in 2005 and now has 1.3 million active customers, selecting 35,000+ beauty and fragrance products from over 800 brands. Since Palamon bought it, Feelunique has quadrupled in size as the business has improved its UK distribution set-up while also expanding abroad and investing heavily in technology.

Amazon executive Sarah Miles was named CEO in 2019 to lead the next phase of growth and the current management team will stay in place post-acquisition.

Miles said: “We are delighted to join forces with Sephora, whose prestige positioning is the perfect fit for our prestige brand offering. With the support of Palamon and its co-investors we have created a renowned online player in UK beauty at the forefront of a significant market opportunity. With the new strategic backing and resources of a global retail group we are truly excited about the prospects for Feelunique to accelerate its growth.”

Louis Elson, Managing Partner at Palamon, added: “In Feelunique we have built on the great work of the founders to create one of the market leaders in online beauty retail at a time when the importance of the digital commerce channel to global distributors has never been greater. We are therefore delighted with this strategic sale to Sephora. Our thanks go to Sarah and her team who worked so hard to put the company on a profitable and rapid growth trajectory ahead of the restrictive lockdowns and then so successfully responded to capture the surge in demand for its unique online offering.”
 
Beauty is a key growth area in Britain and particularly premium and luxury beauty. Both Harrods and Next have been opening higher-end beauty stores in recent periods while online specialists such as The Hut Group have gone from strength to strength.

Copyright © 2022 FashionNetwork.com All rights reserved.