Space NK apothecary retailer initiates significant sale, aimed at over £300 million.
🧐 Space NK Sale Process Kickstarted: What's the Latest? 🚀
Hey there, beauty enthusiasts! 💄 Let's talk business... it looks like the game is afoot for Space NK! 🕵️♀️ The shopaholic in us is excited about this juicy bit of gossip! 😜 Manzanita Capital, the current owner of the high-end beauty retailer, has kicked off a formal sale process, around a year after they first enlisted bankers to auction the chain back in 2024. 💸
Now, you might've heard the UK economy's a bit shaky, right? 😟 But despite the economic uncertainty, teasers for potential bidders have been making the rounds in recent weeks, suggesting there's still interest in scooping up Space NK! 🛍️
If you're wondering how much this beauty empire could fetch, our sources don't hold back!🤑 We're talking a deal value of around £300m to £400m! 💰
But wait, there's more! 🥳 Manzanita has other ventures up its sleeve too—like owning the French perfume house, Diptyque, and luxurious skincare brand, Susanne Kaufmann.
In the midst of economic uncertainty, Space NK's sale process continues, with a potential deal value of £300m to £400m. The auction, initially initiated by Manzanita Capital in 2024, shows no signs of faltering, as potential bidders show interest. Despite Manzanita's stuttering communication about the sale, the company's expansion in the beauty and finance sector, including ownership of Diptyque and Susanne Kaufmann, remains evident.
