×
127
Fashion Jobs
ESTÉE LAUDER
jo Malone London - Business Manager - bt2, Dundrum - 37.5 Hours - Full Time, Permanent
Permanent · Dublin
ESTÉE LAUDER
Clinique - Consultant - Brown Thomas, Cork - 24 Hours - Part-Time - Permanent
Permanent · Cork
ESTÉE LAUDER
Bobbi Brown - Business Manager - Boots, Dundrum - 37.5 Hours - Full Time, Permanent
Permanent · Dublin
L'OREAL GROUP
Business Development Manager - Skinceuticals - Ireland - Active Cosmetics Division
Permanent · Dublin
ESTÉE LAUDER
le Labo - Business Manager - Brown Thomas, Dublin - 37.5 Hours - Full Time, Permanent
Permanent · Dublin
FOOT LOCKER
Manager, Treasury Operations
Permanent · Dublin 1
FOOT LOCKER
Senior Treasury Analyst
Permanent · Dublin 1
SHISEIDO
Nars Account Manager - bt2, Blanchardstown
Permanent · Dublin
SHISEIDO
Nars Account Manager - Brown Thomas, Cork (37.5)
Permanent · Cork
SHISEIDO
Bareminerals Account Manager - Boots, Liffey Valley (37.5)
Permanent · Dublin 22
L'OREAL GROUP
l'Oréal Designer Fragrances Solo Account Manager Brown Thomas Limerick
Permanent · Limerick
L'OREAL GROUP
Atelier Cologne Account Manager Brown Thomas Dublin
Permanent · Dublin
L'OREAL GROUP
l'Oréal Designer Fragrances Mobile Fragrance Consultant
Permanent · Dublin
L'OREAL GROUP
Lancôme Deputy Account Manager Brown Thomas Dublin
Permanent · Dublin
ESTÉE LAUDER
jo Malone London - Stylist - Brown Thomas, Dublin - 22.5 Hours - Part-Time - Permanent
Permanent · Dublin
ESTÉE LAUDER
Aveda - Hair Stylist - Brown Thomas Dublin - 30 Hours - Permanent
Permanent · Dublin
LEVI'S
Recepcionista Sin Experiencia Nosotros te Capacitamos
Fixed-term · GUADALAJARA
MAJE IRLANDE
Sales Assistant, Full Time - Kildare Village Outlet m/f
Permanent · PARIS
RITUALS
Rituals Advisor - Brown Thomas Limerick - 15 Hours Per Week
Permanent · Limerick
SHISEIDO
Nars Assistant Manager - bt Cork (37.5 Hours)
Permanent · Cork
SHISEIDO
Nars Makeup Artist - bt Cork (30 Hours)
Permanent · Cork
L'OREAL GROUP
Lancôme Make-up Artist Boots Liffey Valley 37.5 Hours Perm
Permanent · Dublin
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 © 2021 FashionNetwork.com All rights reserved.