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US-listed Ulta Beauty swoops on high street chain Space NK

Ulta Beauty, a U.S.-based retailer, acquired British beauty chain Space NK from Manzanita Capital on Thursday to expand internationally into the UK market.
The acquisition follows Manzanita Capital's 23-year ownership and Ulta's broader strategy to grow globally with prior plans for Mexico and the Middle East.
Space NK will remain an independent subsidiary under Ulta’s ownership, with CEO Andy Lightfoot and the current leadership team continuing to manage the brand. Ulta financed the acquisition using a combination of cash and available credit facilities.
Ulta gains 83 UK and Ireland stores, and CEO Kecia Steelman said the deal adds the UK to planned expansions, including Mexico and the Middle East, supporting long-term profitable growth.
The acquisition fast-tracks Ulta’s international ambitions, offering Space NK more growth potential and enabling Ulta to reach global beauty consumers at scale.

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newbeauty.com

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Ulta Beauty Acquires Space NK

Ulta Beauty announced on Thursday that it has acquired British beauty retailer Space NK from Manzanita Capital. Financial terms of the transaction were not disclosed. With 83 stores across the U.K. and Ireland, Space NK will operate as a standalone subsidiary of Ulta and will continue to be led by its existing management team, including Space NK CEO Andy Lightfoot. In a statement, Ulta's CEO Kecia Steelman said this acquisition "offers a unique …

13 hours ago

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Reuters

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Ulta Beauty enters UK with retail chain Space NK's acquisition

U.S. cosmetics retailer Ulta Beauty on Thursday announced its entry into the British market with its purchase of high street chain Space NK.

1 day ago·United Kingdom

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U.S. News

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Ulta Beauty Enters UK With Retail Chain Space NK's Acquisition

2 days ago·New York, United States

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retaildive.com

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Ulta Beauty breaks into the UK with Space NK acquisition

The deal adds 83 stores to its portfolio and gives the beauty powerhouse a strong foothold in the U.K. market.

2 days ago

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WWD

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Ulta Beauty Acquires Space NK as It Speeds Up International Expansion

The acquisition is a key part of Ulta Beauty's wider international growth strategy, as it gears up to launch in Mexico and the Middle East.

2 days ago·United States

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Sky News UK

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US-listed Ulta Beauty swoops on high street chain Space NK

Ulta Beauty, which trades from nearly 1,500 stores in the US, is on the brink of a deal to buy the British high street chain Space NK, Sky News learns.

2 days ago·United Kingdom

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