Beauty Bay considers options after IPO plans stall
Online beauty retailer Beauty Bay has hired bankers to review options such as a sale, after previously eyeing a London listing..
Beauty Bay, which had drawn up plans for becoming a public company, has appointed US-based Threadstone Capital to advise it, Sky News has reported.
Threadstone Capital is the corporate finance firm that advised Cult Beauty on its £275m acquisition by THG in 2021.
It added that the business is considering a full or partial sale to new investors but that it also look at acquiring another company.
Beauty Bay was founded in 1999 by brothers Arron and David Gabbie and sells makeup, skincare, bath and body, haircare, gifts and other accessories.
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