gci

Current Issue cover

Report: ASOS Considering Cult Beauty or Feelunique Acquisition

Contact Author
Close
Fill out my online form.

ASOS is exploring options to expand its beauty offerings.

Sky News is reporting that ASOS is considering the acquisition of Cult Beauty or Feelunique. The clothing retailer, which has amassed a large array of beauty offerings, will reportedly only purchase one of the businesses.

The story explains that ASOS' "face and body product sales had grown by a record 114%" in its latest first-half financial results.

Other potential purchasers for the businesses include the acquisition-hungry THG Holdings and German-based Zalando.

Related Content