Wed, 29 Sep 2021 | BUSINESS SALE
Sports retailer JD Sports has acquired a majority stake in online haircare retailer Hairburst, as the acquisitive group makes its first foray into the UK’s beauty sector. Hairburst was founded in 2014 and now markets its products – including shampoos and vitamins – online to customers in France, Italy, US, South East Asia and the Middle East and North Africa (MENA) and is stocked at several UK retailers.
JD Sports has been engaged in an acquisition spree in the fashion industry over the past year. The group has acquired brands including Wellgosh and Oi Polloi, but pulled out of a deal to acquire Debenhams at the end of last year. In February, the company raised around £464 million via a placing of ordinary shares in order to fund its ongoing acquisitive activity and has been linked with a move for online retailer Missguided.
The move for Hairburst is not intended to be its last in the beauty sector, with the company saying it will be targeting acquisitions of “complementary entrepreneurial businesses”. Reports also indicate that Hairburst will also target bolt-on acquisitions with the assistance of JD Sports in order to build a beauty group.
JD Sports Executive Chairman Peter Cowgill said: “We are pleased to have made this initial acquisition in the beauty sector and have been impressed by the capabilities of the management team, who have a strong identity and connection with millennials and Gen Z consumers.”
Hairburst co-founder James Hill added: “We are very proud to be the first beauty business to partner with JD on its venture into the beauty industry. With our ability to create amazing products and market through social media, supplemented by JD’s consumer connection, financial power and global scale, we see great potential to build the Hairburst brand and acquire other brands within the sector.”
Find businesses for sale here.
If you are looking for an exit, we can help!
Opportunity to acquire a well-established provider of ongoing plant displays to commercial clients in London, with a strong reputation built over two decades.
WORK FROM HOME
An excellent opportunity awaits with this well-established, independent Mercedes Benz dealership located in the Midlands
An exciting opportunity to acquire the business and assets of a dedicated bathroom showroom and online retailer based in the County Durham. The business specialises in the design and supply of luxury bathrooms.
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.