Breaking News

Bare Escentuals To Purchase European Distributor

March 7, 2007

Bare Escentuals, Inc. today announced it has signed a non-binding letter of intent to purchase U.K.-based Cosmeceuticals Limited, which distributes Bare Escentuals' bareMinerals, MD Formulations and MD Forte brands to the European cosmetics market. Terms of the transaction were not disclosed.

Consistent with Bare Escentuals' goal of distributing directly in key international markets, the acquisition positions Bare Escentuals to control its existing distribution in the U.K. to QVC U.K. as well as to over 1,500 spa accounts. Longer term, the Company expects that the acquisition will allow Bare Escentuals to enter new sales channels in the U.K. including infomercials, web/catalog and premium wholesale, and provide an opportunity to more efficiently expand its presence in the broader European market.

Cosmeceuticals Limited will divest assets not related to the distribution of Bare Escentuals' brands prior to completion of the transaction.

The parties intend to complete the transaction on or around April 2, 2007, subject to due diligence and approval by Bare Escentuals' Board of Directors, which would allow for product sales and shipments to begin during Bare Escentuals' second fiscal quarter.

blog comments powered by Disqus
  • Cosmetic Chemists Head to Orlando Next Month

    Cosmetic Chemists Head to Orlando Next Month

    September 26, 2016
    Organizing Chair Guy Padulo explains why you should attend the IFSCC Congress.

  • Restoring Rembrandt

    Restoring Rembrandt

    Christine Esposito, Associate Editor||September 26, 2016
    Ranir LLC has acquired Rembrandt, an iconic name in teeth whitening, and plans to make it a staple in the value segment.

  • Active Agents

    Active Agents

    September 19, 2016
    On the surface, surfactants may seem staid, but the market, and the supplier activity driving it, is bubbling.

  • Back to School

    Back to School

    Tom Branna, Editorial Director||September 1, 2016
    It may be September, but class was in session this summer during the Private Label Manufacturers Association’s Executive Educ

  • What

    What's In Your Formula?

    Christine Esposito, Associate Editor||September 1, 2016
    A look at the ingredients beauty brands are using to fuel their formulations and capture consumers’ attention.

  • A Sweet-Smelling Sanctuary

    A Sweet-Smelling Sanctuary

    Melissa Meisel, Associate Editor||September 1, 2016
    Home fragrance is enhanced by aromatic developments in delivery and components.