Direct-sales giant Avon has bought Liz
Earle Cosmetics, the Isle of Wight-based skincare and
beauty brand. The acquired business will continue to be run
independently by its cofounders Liz Earle and Kim Buckland.
US private-equity firm TA Associates has agreed to buy
cataloguer/retailer Cath Kidston for £100
million. According to the Financial Times, Lloyds is providing £25
million of debt for the deal, giving TA a 60 percent stake in the
business. Cath Kidston’s eponymous founder will retain a 30
percent share in the business following the acquisition.
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