Sephora Is Set to Buy Feelunique For 132 Million Pounds
Apparently Sephora LVHM is going to buy Feelunique and the deal is set to happen later this week at around 132 Million Pounds.
As you may know Sephora has long since been locked out of the UK market due to the dominance of Boots but this new deal may bring them one step closer to obtaining the UK consumer base they so desperately want. Feelunique has been looking for a buyer for about three years now with a deal falling through and no other bites but Sephora could take the retailer to the moon should they acquire the retailer.
Their revenue is about 120 million pounds with a consumer base of 1.3 million customers. How LVHM plans to spin this deal will be interesting to watch. Will Feelunique continue to operate as is or will Sephora somehow be involved in the takeover? Feelunique already offers a vast array of different products and brands but with Sephora involved will they be offer to more options to UK consumers?
The deal hasn’t yet taken place but more news should drop this week!
Stay tuned!