Ulta Beauty has officially acquired Space NK Limited , a leading British beauty retailer, marking a major milestone in its international expansion strategy. The purchase from Manzanita Capital, a seasoned investor in premium beauty, allows Ulta Beauty to establish a direct footprint in the UK and Ireland.
Space NK operates 83 stores across both countries in addition to a robust e-commerce business. The financial details of the acquisition were not disclosed. However, the move reflects Ulta Beauty ’s broader
goals as part of its Ulta Beauty Unleashed growth plan. Space NK will continue to operate as a standalone subsidiary and retain its current leadership, including Andy Lightfoot, CEO of Space NK . Strategic Expansion Beyond the U.S.
“We are excited to enter the UK market via the Space NK banner,” Kecia Steelman, president and chief executive officer of Ulta Beauty , said .
“International expansion is an integral part of our Ulta Beauty Unleashed plan, and the acquisition of Space NK offers a unique and strategically compelling opportunity to enter the growing UK market with a successful and growing brand.
Along with our initiatives in Mexico and the Middle East, we are creating a broader platform for Ulta Beauty to unlock long-term, profitable growth.” Ulta Beauty has long sought to grow beyond the U.S., and this acquisition represents the company’s first major retail presence in the European market…
