Next buys Ocado’s beauty business

Source: news.sky.com, Friday, Jun 21, 2019

Ocado has sold off a beauty business to high street retailer Next. Tim Steiner, Chief Executive of Ocado, said the decision was a result of the new joint venture with Marks & Spencer, which is due to launch towards the end of next year.

Beauty store and website Fabled by Marie Claire has been acquired by Next in a deal that will be worth about GBP8 million to Ocado.