×
146
Fashion Jobs
NIKE
India Sports Marketing Manager
Permanent · Bengaluru
NIKE
Senior Dynamic Application Security Tester – Cis, Icc, India
Permanent · Bengaluru
PUMA
Senior Manager - Golf Sales (Cpg-Cobra Puma Golf)
Permanent · Bengaluru
PUMA
Manager - Accounts Payable
Permanent · Bengaluru
PUMA
Senior Manager – Teamsport Sales
Permanent · Bengaluru
NIKE
Lead Technical Product Manager – p&m, Icc, India
Permanent · Bengaluru
PUMA
Manager – Customer Reconciliation And Accounts
Permanent · Bengaluru
PUMA
Manager – Warehouse Operations (Ecommerce)
Permanent · Gurugram
PUMA
Warehouse Manager-Offline Business
Permanent · Bengaluru
NIKE
Lead Product Manager, India – ed&a Icc
Permanent · Bengaluru
PVH
Manager, Business Solutions
Permanent · Bengaluru
NIKE
Senior Product Manager - Enterprise Service Management (Esm), India – Tech Ops Icc
Permanent · Bengaluru
NIKE
Identity And Access Management (Iam) Security Operations Engineer, India – Cis Icc
Permanent · Bengaluru
NIKE
Expert Security Incident Coordinator, India – Cis Icc
Permanent · Bengaluru
NIKE
Senior Security Engineer, India – Cis Icc
Permanent · Bengaluru
SHAYA BY CARATLANE
Merchandiser & Planner
Internship · MUMBAI
NIKE
Senior Software Engineer Iii, India – Marketing Technology Icc
Permanent · Bengaluru
NIKE
Talent Acquisition Coordinator – India, Icc
Permanent · Bengaluru
SS HOMME - SARAH & SANDEEP
Marketing And PR Intern
Internship · MUMBAI
TARAMA
Graphic Designer
Internship · MUMBAI
MASAR GROUP
IT Support
Permanent · DUBAI
NIKE
Sap Security Engineer – Sec Tech, Icc, India
Permanent · Bengaluru
Published
Dec 3, 2017
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Is Feelunique owner mulling a sale?

Published
Dec 3, 2017

Feelunique saw record Black Friday sales, the beauty e-tailer said this week, as speculation emerged that its private equity owner is exploring a sale of the company.


Feelunique



Two sources told Business Insider that Palamon Capital Partners has started a sale process with investment bank Jefferies appointed to look at options.

Neither party would comment on the report, apart form saying that “like all private equity-backed companies, Feelunique is asked frequently about corporate interest in the business. As a rule, we never comment."

But the company did comment on its sales momentum, saying this week that its Black Friday Weekend saw sales of over £6 million, 40% up year-on-year. 

This was underpinned by strong performance from international websites, with retail sales more than doubling in both China and France.

Its average order value grew by 17% and a record-breaking 400,000 products were shipped during the promotion to 83 countries. Best-selling products included Urban Decay Naked Heat Eyeshadow Palette, Charlotte Tilbury Matte Revolution Lipstick, and Emma Hardie Moringa Cleansing Balm.

CEO Joel Palix, who moved to the company from Clarins nearly four years ago, said: “Feelunique’s trading through the Black Friday promotion is further compelling evidence of the shift in the beauty sector to online purchasing. 

“The focus we have given to establishing the leading technology-led digital platform in the sector, building an online community and solidifying our brand relationships, is really coming to fruition. In particular, to achieve more than 100% sales growth in China and France, compared to Black Friday last year, is testament to the success of our international expansion strategy – and we continue to develop this, and other, high growth international markets.”

Feelunique claims to be Europe’s biggest beauty e-tailer, offering over 30,000 products from 500 brands. Its giant business spans 120 markets and its has dedicated websites in the UK, France, the EU, Germany, Norway, China and the US. 

Palamon paid £26 million for the business five years ago and in the year to March, the e-tailer reported sales of £80 million. It has unveiled a number of initiatives and deals this year, offering same-day delivery, launching a subscription service, and buying French site The Beautyst, having earlier opened a Paris store.

Copyright © 2021 FashionNetwork.com All rights reserved.