Latest news with #beautyretail
Yahoo
12-07-2025
- Business
- Yahoo
US retailer Ulta Beauty enters UK market with Space NK acquisition
US beauty retailer Ulta Beauty has completed the acquisition of British beauty retailer Space NK from Manzanita Capital, marking its entry into the UK market. The financial details of the transaction were not made public. The acquisition was financed using Ulta Beauty's available cash and its existing credit facility. This deal is not anticipated to significantly affect Ulta Beauty's financial outcomes for fiscal 2025 and will not interfere with its ongoing capital allocation initiatives, such as its share repurchase programme. Ulta Beauty CEO and president Kecia Steelman stated: 'We are excited to enter the UK market via the Space NK banner. 'International expansion is an integral part of our Ulta Beauty Unleashed plan, and the acquisition of Space NK offers a unique and strategically compelling opportunity to enter the growing UK market with a successful and growing brand. Along with our initiatives in Mexico and the Middle East, we are creating a broader platform for Ulta Beauty to unlock long-term, profitable growth.' Space NK has 83 stores across the UK and Ireland as well as its online platform. Post acquisition, Space NK will function as an independent subsidiary under Ulta Beauty and will continue under the leadership of its current management team, including CEO Andy Lightfoot. Lightfoot stated: 'We have long respected Ulta Beauty as the leading speciality beauty retailer in the US. We are energised and excited by the opportunity to join Ulta Beauty and benefit from its scale, brand relationships and resources to further fuel our mission to serve beauty-obsessed consumers through expertise and innovation.' Goldman Sachs has been appointed as the exclusive financial advisor to Ulta Beauty for this transaction, with Latham & Watkins providing legal counsel. Raymond James is acting as the exclusive financial advisor to Space NK, with Bryan Cave Leighton Paisner offering legal services to both Manzanita Capital and Space NK. In October 2024, Ulta Beauty revealed plans to open 200 new stores by 2027. "US retailer Ulta Beauty enters UK market with Space NK acquisition" was originally created and published by Retail Insight Network, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Cosmopolitan ME
18-06-2025
- Business
- Cosmopolitan ME
Alert: Ulta Beauty reveals its first Middle East store locations
Okay, remember when Ulta Beauty announced they were coming to the Middle East back in January and we *completely* lost it? Well, the beauty tea just got hotter – because we finally know where we'll be lining up with empty baskets and high hopes. It's official: Ulta Beauty's first stores in the region are opening at The Avenues in Kuwait and Mall of the Emirates in Dubai and yes, it's happening by the end of this year. Supplied Supplied Supplied Iconic choices only. Consider our calendars marked and our paychecks pre-spent. The U.S. retail giant – aka home to Dyson, Tatcha, e.l.f., and ColourPop, is bringing its *All Things Beauty, All in One Place* magic to the Gulf through a major franchise partnership with Alshaya Group, first announced earlier this year. 'We're really excited to confirm that our Ulta Beauty stores will open in Kuwait and Dubai by the end of the year. We know consumers can't wait to visit and access many beloved brands for the first time,' shared John Hadden, CEO of Alshaya Group. We repeat: *this year.* And honestly? We've got chills. The in-store lineup hasn't been revealed just yet, but we're already manifesting: Tatcha, Pat McGrath Labs, Milk Makeup, Ouai, and maybe even ColourPop, Peach & Lily, and Dibs Beauty. Basically, your TikTok FYP – in real life. And guess what? Kuwait and Dubai are just the beginning. Ulta is planning to expand across the GCC starting in 2026. So whether you're based in Doha, Riyadh, or Manama – your moment is coming. Until then, we'll be setting reminders, making wishlists, and prepping our 'Get Ready With Me for My First Ulta Run' Reels. The countdown is officially on. 💋 If your IG feed needs a glow-up, then check out these Kuwaiti Queens you need to add.
Yahoo
03-06-2025
- Business
- Yahoo
H Beauty teases first look inside new Glasgow store ahead of grand opening
Luxury beauty retailer H Beauty has offered a sneak peek inside its highly anticipated new Glasgow store. In a social media post titled "trust the process", the brand shared a behind-the-scenes video showing the store's transformation—from an empty space to a fully fitted beauty haven, complete with glamorous counters and displays. The new store will open its doors on Thursday, 12 June, at Silverburn Shopping Centre. The official opening date was confirmed over the weekend via the Harrods Beauty Instagram page. The brand also revealed that MyBeauty members will enjoy exclusive perks throughout the opening weekend, including exclusive discounts, live entertainment, a chance to win freebies, and surprise treats running through to 15 June. Their post read: "H Beauty Glasgow, are you ready? "H beauty Silverburn lands June 12 and trust us, this is no ordinary opening. "MyBeauty members will unlock a whole host of perks all weekend: 10% off selected purchases, a chance to spin the wheel to win prizes, live entertainment and major surprises all weekend long until June 15." READ MORE: The Glasgow Times reported in November last year that Silverburn Shopping Centre confirmed H Beauty's arrival, announcing that the retailer would occupy a 22,500-square-foot unit within the centre, part of the former Debenhams space. The move marks H Beauty's second Scottish location, joining its existing store in Edinburgh's St James Quarter, and its sixth store across the UK. The opening forms part of a wider strategy by joint venture partners Henderson Park and Eurofund Group, leading European real estate firms, who have been repurposing key retail spaces to revitalise the centre's offering. Once open, shoppers can expect an extensive range of make-up, skincare, and fragrance from a variety of premium and emerging brands, as H Beauty continues to redefine the in-store beauty experience.
