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Barry M bought by men's make-up brand Warpaint
| USA | general

Barry M bought by men's make-up brand Warpaint

#Warpaint London #Barry M #Cosmetics industry #M&A #UK retail #Makeup brand #Beauty market

📌 Key Takeaways

  • Warpaint London PLC acquired Barry M for a total consideration of £16 million.
  • Barry M was one of the last major independent, family-owned cosmetics brands in the UK.
  • The deal includes an initial £11 million cash payment followed by performance-based earn-outs.
  • Warpaint aims to use its global infrastructure to expand Barry M's presence in international markets.

📖 Full Retelling

The British cosmetics giant Warpaint London PLC officially acquired the iconic family-owned makeup brand Barry M for £16 million on February 7, 2024, aiming to consolidate its position in the UK beauty market and expand its portfolio of affordable luxury products. This landmark deal marks the end of an era for Barry M, which was one of the last remaining independent, family-run cosmetics firms in the United Kingdom. Founded in 1982 by Barry Mero, the brand became a staple of the British high street, known primarily for its vibrant nail polishes and cruelty-free ethos, and will now operate under the corporate umbrella of Warpaint, the owner of the W7 brand. Under the terms of the acquisition, Warpaint will pay an initial cash consideration of £11 million, supplemented by further payments contingent on the brand's performance over the next two years. The move is strategically designed to leverage Warpaint's extensive global distribution network to propel Barry M into new international markets, particularly in the United States and China. For decades, Barry M maintained a loyal following through its presence in retailers like Boots and Superdrug, but the transition to a publicly-traded parent company is expected to provide the capital necessary for significant digital transformation and product innovation. Industry analysts view this merger as a significant shift in the UK beauty landscape, where long-standing independent brands are increasingly being absorbed by larger conglomerates to survive rising operational costs and intense competition from celebrity-backed labels. Warpaint’s leadership emphasized that the acquisition is highly complementary, as both companies target the 'value' segment of the market while maintaining high quality standards. The Mero family, who have steered the company for over forty years, expressed confidence that the partnership would preserve the brand's heritage while securing its financial future in an increasingly volatile retail environment.

🏷️ Themes

Business, Cosmetics, Acquisitions

📚 Related People & Topics

Cosmetic industry

Cosmetic industry

Industry that manufactures and distributes cosmetic products

The cosmetic industry describes the industry that manufactures and distributes cosmetic products. These include colour cosmetics, like foundation and mascara, skincare such as moisturisers and cleansers, haircare such as shampoos, conditioners and hair colours, and toiletries such as bubble bath an...

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Barry M

Barry M

British cosmetics company

Barry M is a British cruelty-free cosmetics company, specializing in on trend make-up and nail products. Based in Mill Hill East, London, it was founded by Barry Mero in 1982. Employing over 80 people in a 45,000 square foot production, distribution and warehouse facility in Mill Hill, the company g...

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