Posts tagged "BWX"

Go-To Skincare co-founder Zoë Foster Blake, who sold a majority stake in the cult-favourite brand for $89 million just two years ago, has reclaimed ownership in a deal worth $21.8 million.

Many founders could tell you about starting a successful e-commerce business. Fewer could describe restarting one. Julie Mathers, founder of eco-conscious retailer Flora & Fauna, is among those select few.

Sans Drinks, the pioneering retailer which helped kickstart Australia's non-alcoholic beverage boom, has collapsed into voluntary administration, owing to what founder Irene Falcone called a brutal environment for discretionary retail and gatecrashing by big business competitors.

The skincare label co-founded by actress Elsa Pataky, will be wound up as embattled parent company BWX offloads other components of its beauty empire.

While softening demand, excess inventory and an over-leveraged balance sheet were contributing factors, it was the hangover of its toppy acquisitions that put the final nail in BWX's coffin.

Challenged cosmetics group BWX has called in administrators, while Zoë Foster Blake's Go-To skincare continues its search for a new owner.

Purely Byron, the skincare brand co-founded by model and actor Elsa Pataky, has become the latest casualty in a brutal year for Australian cosmetics and personal care labels.

Ethical online goods retailer Flora & Fauna has been acquired by BWX for more than $27 million, seven years after it was founded in Sydney.