Macy’s announces acquisition of Bluemercury
Macy’s on Monday announced the completion of its acquisition of Bluemercury for $210 million in cash.
Based in Washington D.C., Bluemercury was founded by Marla Malcolm Beck and Barry Beck, the company’s current CEO and COO, respectively, in 1999.
Bluemercury is recognized as America’s fastest-growing luxury beauty products and spa services retailer. The company currently operates about 60 stores in 18 states as well as an online business. Macy’s, Inc. plans to operate and significantly expand Bluemercury stand-alone specialty stores, enhance its online capabilities and add selected Bluemercury boutiques and private-brand products to Macy’s stores nationwide over time.
Marla and Barry Beck will continue to lead the company and manage their current team of 500 associates.
Macy’s, Inc. is one of the nation’s premier retailers, with fiscal 2014 sales of $28.105 billion.
Copyright © 2019 FashionNetwork.com All rights reserved.