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Report: ASOS Considering Cult Beauty or Feelunique Acquisition

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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.

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