Elegance boss cleans up with £50m Boots deal
Splendor company Cleaning soap and Glory has been acquired by Alliance Boots 
Image: AFP
A serial entrepreneur has sold her most recent venture, a skincare model, to Alliance Boots, the pharmacy big.
Just eight several years right after placing up Cleaning soap and Glory, a assortment of cost-effective elegance items, Marcia Kilgore has cashed in on its good results.
It is recognized that Boots, 1 of the company’s biggest distributors, exercised a contact alternative to buy the complete organization, which the substantial avenue chemist had held because 2011 when it purchased a minority stake.
Ms Kilgore began Soap and Glory with £300,000 and is comprehended to have netted in between £40m and £50m from the newest deal.
It is the third business that the Canadian-born previous beautician has turned into a large avenue title.
She established up Bliss, a spa and cosmetics team, in the Nineties, later selling a vast majority stake to LVMH, the luxury vogue property, in 1999 for a described $ 30m (£19.1m). The remaining curiosity was acquired by Starwood Resorts and Resorts in 2004.
In 2007, she launched the footwear organization FitFlop, which tends to make ergonomic sneakers claimed to tone the legs as you walk. It marketed 10m pairs in the very first 4 years and the sneakers are now obtainable in 52 countries.
Ms Kilgore confirmed the deal, when contacted by the News Agency, saying: “I am happy of the firm we have developed, exactly where we realised our desire of having an indie brand name with indie values – and inexpensive charges – that caters to the masses.”
A spokesperson for Alliance Boots also confirmed the acquisition.