Lush Fresh Handmade Cosmetics Valuation, Funding & Investors

Lush Fresh Handmade Cosmetics is valued at $1.5B as of December 2022.

Last Lush Fresh Handmade Cosmetics valuation

$1.5B

Undisclosed stage · Dec 2022

Last Lush Fresh Handmade Cosmetics funding round

$262M

Undisclosed stage · Dec 2022

Cumulative funding Lush Fresh Handmade Cosmetics raised

$262M

across 1 funding round

Key investors in Lush Fresh Handmade Cosmetics

  • Silverwood Brands

Lush Fresh Handmade Cosmetics Overview

About Lush Fresh Handmade Cosmetics

Lush Fresh Handmade Cosmetics is a global cosmetics retailer maintaining over 850 shops in 51 countries from its Poole headquarters in the United Kingdom. It manufactures bath bombs, soaps, shampoos, and skincare products using fresh, vegetarian ingredients handmade daily in dedicated kitchens.


Founded

1995

HQ

United KingdomPoole

Website

lush.com

Status

Privately held

Customer focus

B2C

Revenue model

Product sales

Valuation

$1.5B (Dec 2022)

Lush Fresh Handmade Cosmetics Valuation

Lush Fresh Handmade Cosmetics is currently valued at $1.5B, based on its undisclosed-stage round in December 2022.

The $262M round was led by Silverwood Brands.

Lush Fresh Handmade Cosmetics valuation by funding round

Lush Fresh Handmade Cosmetics valuation by funding round
DateStageValuation
Dec 2022Undisclosed stage$1.5B

Lush Fresh Handmade Cosmetics Funding History

Lush Fresh Handmade Cosmetics has raised a total of $262M across 1 funding round.

Lush Fresh Handmade Cosmetics funding rounds

Lush Fresh Handmade Cosmetics funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Dec 2022Undisclosed stageSilverwood Brands (lead)$262M$1.5BLush Fresh Handmade Cosmetics is a UK-headquartered international beauty and cosmetics retailer manufacturing and selling fresh handmade skincare goods and cosmetic products using only vegetarian or vegan recipes. It operates retail outlets in 48 countries with manufacturing facilities in six nations, offering products like creams, soaps, shampoos, shower gels, lotions, fragrances, and toothpaste tablets. On December 12, 2022, Silverwood Brands plc announced the conditional acquisition of a 19.8% stake in Lush Cosmetics Ltd and Cosmetic Warriors Ltd from co-founders Andrew Gerrie and Alison Hawksley for £216.8 million, satisfied by issuing 228,212,632 new ordinary shares at 95p per share. This minority stake deal valued the portion at £216.8 million, implying a full post-money valuation for Lush of approximately £1,096 million. Silverwood, a publicly listed enterprise company on the Aquis Stock Exchange focused on branded consumer businesses in sectors like health, beauty, and specialty foods, plans to hold the stake long-term and use it as a platform for portfolio expansion, alongside brands like Balmonds and Nailberry. The transaction aimed to leverage Silverwood's network for growth ideas to invigorate Lush, with potential for Lush customers to invest in Silverwood. Lush had recently acquired its North American partner business, enabling substantial revenue increases, stronger cash flows, and expanded presence in the US and Canada. For FY22 (year ended June 30, 2022), Lush reported group turnover of £657.1 million, with old group turnover at £430.8 million (up 5.4% YoY, 9% at constant FX), though comparisons were affected by COVID. Post-acquisition North America generated £22.8 million EBITDA and £13.4 million operating profit over nine months. Subsequent disputes arose, with Lush referring Silverwood to regulators over the deal's compliance and filing a valuation report requirement under Companies Act 2006, leading to legal proceedings in 2023.

Who has invested in Lush Fresh Handmade Cosmetics?

1 investor has backed Lush Fresh Handmade Cosmetics across its funding rounds, including Silverwood Brands.

Lead investors include Silverwood Brands.


Lush Fresh Handmade Cosmetics Investors

Investors in Lush Fresh Handmade Cosmetics by funding rounds participated
InvestorHQRoundsRoleFirst check

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Lush Fresh Handmade Cosmetics Competitors

Lush Fresh Handmade Cosmetics competitors include listed companies like Revolve Group and Syoung Group, and private ones like GP Club, KKW Beauty, Away and Bucketplace.

Public and private companies comparable to Lush Fresh Handmade Cosmetics
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
GP ClubSouth KoreaSeoulPrivate--$1.3B-
KKW BeautyUnited StatesLos Angeles, CAPrivate$100M-$1B10.0x
Revolve GroupUnited StatesUnited StatesPublicly listed$1.2B$89M$1.5B0.9x
AwayUnited StatesNew York City, NYPrivate$150M-$1.4B9.3x
BucketplaceSouth KoreaSeoulPrivate$181M-$1.4B7.7x
Syoung GroupChinaChinaPublicly listed$742M$45M$1.4B1.9x

Lush Fresh Handmade Cosmetics Public Comps

Lush Fresh Handmade Cosmetics is still privately-owned, but its public comps include Sailvan Times, Revolve Group, E-MART, DeNA, Amorepacific Group, Syoung Group, Gold.com, Intercos, Honasa Consumer and Jamieson Wellness.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Sailvan Times$1.8B$86M0.7x0.7x15.2x12.4x
Revolve Group$1.2B$89M1.0x0.9x13.6x12.9x
E-MART$21B$1.6B0.5x0.5x6.4x8.6x
DeNA$950M$177M1.1x1.1x5.8x6.5x
Amorepacific Group$3.4B$493M0.9x-6.4x-
Syoung Group$742M$45M2.0x1.9x32.4x24.9x
Gold.com$26B$180M0.0x0.0x5.3x5.2x
Intercos$1.2B$159M1.2x1.2x9.4x8.0x

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Common questions about Lush Fresh Handmade Cosmetics

When was Lush Fresh Handmade Cosmetics founded?Lush Fresh Handmade Cosmetics was founded in 1995.
Where is Lush Fresh Handmade Cosmetics headquartered?Lush Fresh Handmade Cosmetics is headquartered in Poole, United Kingdom.
Is Lush Fresh Handmade Cosmetics publicly listed?No, Lush Fresh Handmade Cosmetics is a private, VC-backed company.
What is Lush Fresh Handmade Cosmetics' valuation?Lush Fresh Handmade Cosmetics was last valued at $1.5B in its undisclosed-stage round in December 2022.
How much funding has Lush Fresh Handmade Cosmetics raised?Lush Fresh Handmade Cosmetics has raised $262M across 1 funding round.
What was Lush Fresh Handmade Cosmetics' last funding round?Lush Fresh Handmade Cosmetics' last funding round was a $262M undisclosed-stage round in December 2022, led by Silverwood Brands.
Who are Lush Fresh Handmade Cosmetics' investors?Lush Fresh Handmade Cosmetics' investors include Silverwood Brands.
Which companies are comparable to Lush Fresh Handmade Cosmetics?Companies comparable to Lush Fresh Handmade Cosmetics include GP Club, KKW Beauty, Revolve Group, Away, Bucketplace and Syoung Group.

See companies similar to Lush Fresh Handmade Cosmetics

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