A UK magnificence firm has been saved after it was bought, rescuing all jobs and holding it in enterprise.
All employees at Magnificence Bay will see their jobs transferred (Picture: Getty)
A UK magnificence large that collapsed into administration has been rescued. In a pre-pack administration deal, Magnificence Bay was lately bought to French-owned AA Investments Group. Based mostly in Manchester, the web retailer sells well-known manufacturers in addition to its personal vary, together with skincare and make-up merchandise. The enterprise entered administration on March 6, 2026, in accordance with a current discover revealed within the London Gazette, resulting from monetary difficulties.
Magnificence Bay sells greater than 200 manufacturers to prospects within the UK. As a part of the sale, all 62 Magnificence Bay staff may have their roles transferred to the brand new house owners. The corporate dates again to 1999 and has grow to be a widely known magnificence product vendor nationwide. The sale of the enterprise was facilitated by joint directors Rick Harrison and James Clark. Latest challenges confronted by Magnificence Bay embrace rising prices and subdued buyer confidence.
Arron and David Gabbie, founders of Magnificence Bay, mentioned: “We wish to say an enormous thanks to our sensible workforce who’ve helped to make Magnificence Bay the whole lot that it’s as we speak.
“Their dedication and help during the last 27 years have been unwavering, no extra so than over these previous few weeks.”
Harrison added: “Since its inception in 1999, Magnificence Bay has grown to grow to be one of many UK’s main on-line magnificence retailers, promoting well-known cosmetics and cult manufacturers to over 5 million prospects.
“We’re happy to have concluded this transaction, which can see the model proceed underneath new possession, and want everybody linked with the enterprise all the very best for the longer term.”
Magnificence Bay had initially examined its funding choices, but it surely in the end went into administration. Its new house owners, AA Investments, specialize in working firms within the luxurious, e-commerce and wonder sectors.
Magnificence Bay is a go-to for plenty of magnificence manufacturers, comparable to Anastasia Beverly Hills, Fantastic thing about Joseon, MAC and Clinique. Its own-brand providing, known as By Magnificence Bay, additionally proved well-liked over time.
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