A popular online cosmetics retailer is considering a potential sale following the appointment of advisors to conduct a business evaluation. Beauty Bay, established in 1999 by siblings Arron and David Gabbie 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 fundraising options, including a complete sale of the company. The report suggests that Interpath, an advisory firm, is collaborating with Beauty Bay on this initiative.
Currently employing 65 individuals, Beauty Bay is yet to provide a comment on the matter when contacted by Mirror. In related news, beauty brand Malin + Goetz recently entered administration, leading to the closure of its seven stores in London, impacting over 70 jobs. Consequently, online orders for Malin + Goetz have been temporarily halted, with a message on their website indicating a return shortly.
While the Malin + Goetz website is expected to resume operations after a brief maintenance period, the exact duration remains uncertain. Initially launched in New York in 2004 by Matthew Malin and Andrew Goetz, Malin + Goetz has expanded its offerings from six products catering to all skin types to include fragrances, bodycare, and additional beauty categories.