Charlotte Tilbury in talks for huge brand acquisition

According to an article by The Guardian, it seems iconic beauty brand, Charlotte Tilbury, is officially up for grabs.

In a deal that could potentially generate up to £1bn, it's reported that several of the beauty industry’s biggest players, including Unilever, L’Oréal, Estée Lauder Companies and Shiseido, have already made offers for the company.

Several private equity firms have also allegedly shown interest, but their identities are not yet known.

The London-based brand, which was founded by makeup artist Charlotte Tilbury in 2013, is currently working with advisers at Jefferies Financial Group and Goldman Sachs Group to come to a decision. However, it’s believed the company could select a buyer as soon as this month.

It’s not clear whether Tilbury will sell or reduce her stake, but she is currently listed as a “person with significant control” of Islestarr Holdings, which is her brand’s parent company, on Companies House in a “filing that makes clear she owns between half and 75% of the company’s shares and voting rights."