A prominent online beauty retailer is potentially up for sale as reports suggest that advisors have been brought in to evaluate the company. 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, MAC, and its own product line.
According to a recent report by Sky News, Beauty Bay is considering various options to secure new funding, which may involve selling the entire business. The advisory firm Interpath is said to be 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 a related development, beauty brand Malin + Goetz has gone into administration, leading to the closure of its seven stores in London. This move is anticipated to affect more than 70 jobs. Online orders from Malin + Goetz have been temporarily suspended, with a message on their website indicating a forthcoming return to operation. In the meantime, customers can still purchase Malin + Goetz products through third-party retailers like Liberty, John Lewis, and Space NK.
A spokesperson for Malin + Goetz informed TheIndustry.beauty that after a thorough business review and considering all options, the UK branch of the company has been placed into administration, necessitating the closure of all UK stores and the head office. They acknowledged the impact on staff and customers, expressing regret over the unavoidable job losses.
Malin + Goetz, originally launched in New York in 2004 by Matthew Malin and Andrew Goetz, initially focused on six products suitable for all skin types. Over time, the company expanded into fragrance, body care, and additional beauty segments. The website is expected to resume operations after a brief maintenance period, although the exact duration remains uncertain.
