THE WHAT? Silverwood Brand has made a £216.8 million investment in Lush, purchasing a 19.8 percent stake.
THE DETAILS Paul Hodgins, Non-Executive Director of Silverwood, said: “Lush is a British success story with a well-established brand and defined global footprint. We think there is considerable potential to meet strong growth targets in the future and are excited about the opportunities worldwide.
“This acquisition provides a solid platform for Silverwood to continue expanding its portfolio of fast-growing consumer brands. As entrepreneurs ourselves with significant expertise in building leading brands, we bring long-term, highly-engaged and supportive British growth capital to our portfolio while creating value for our own rapidly growing shareholder base.”
THE WHY? Lush will use the investment for further expansion into consumer business, focusing on health and beauty, speciality foods and other brand sectors, according to The Industry Beauty.
Silverwood intends to be a long-term stakeholder, giving opportunities for Lush customers to invest in the British brand.
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