71
Fashion Jobs
L'OREAL GROUP
Multi-Brand Education Manager
Permanent · JOHANNESBURG
L'OREAL GROUP
E-Commerce Manager
Permanent · JOHANNESBURG
BEIERSDORF
Brand Manager
Permanent · DURBAN
G-STAR
Key Account Manager
Permanent · CAPE TOWN
ESTÉE LAUDER COMPANIES
Marketing & Sales Operations Manager (Sub Saharan Africa)
Permanent · JOHANNESBURG
ESTÉE LAUDER COMPANIES
Marketing & Sales Operations Manager (Sub Saharan Africa)
Permanent · JOHANNESBURG
PUMA
Payroll Administrator
Permanent · CAPE TOWN
ADIDAS
Senior Manager Sales: Shoe Channel - em South
Permanent · CAPE TOWN
ADIDAS
Senior HR Business Partner (6-Months Maternity Cover)
Permanent · CAPE TOWN
L'OREAL GROUP
Product Manager
Permanent · JOHANNESBURG
TREK
Country Manager
Permanent · SANDTON
L'OREAL GROUP
E-Commerce Key Account Manager
Permanent · JOHANNESBURG
ADIDAS
ic pp Data & Analytics Specialist - em
Permanent · CAPE TOWN
BEIERSDORF
Precision Marketing & Audience Specialist
Permanent · DURBAN
CLINIQUE
Clinique - Roamer - Edgars Eastgate, Gauteng - 40 Hours - Full-Time - Permanent
Permanent · JOHANNESBURG
PANDORA
Sales Assistant Ppt 96 Hours Balito
Permanent · DURBAN
L'OREAL GROUP
Data Analyst
Permanent · JOHANNESBURG
HTNK
High-End Fashion/Denim Designer
Permanent · JOHANNESBURG
H&M
Talent Acquisition Specialist
Permanent · CAPE TOWN
ADIDAS
Specialist Franchise Excellence - Ems Africa Export
Permanent · CAPE TOWN
LOVISA
Full Time Team Member | v&a Waterfront, Cape Town
Permanent · CAPE TOWN
LOVISA
Store Manager | v&a Waterfront, Cape Town
Permanent · CAPE TOWN
By
Reuters
Published
May 22, 2018
Reading time
2 minutes
Download
Download the article
Print
Text size

Australian natural beauty firm BWX receives $603 million offer

By
Reuters
Published
May 22, 2018

Australia’s BWX Ltd, a marketer of natural skin and hair care products, said on Monday it received an unsolicited takeover offer from two of its senior executives and Bain Capital, valuing the company at A$803 million ($603 million).


Sukin Organics forms part of the BWX natural skin and hair care portfolio - BWX Ltd


The offer of A$6.60 per share, or alternatively, a 75 percent payment in scrip for the newly incorporated entity and the rest in cash, came from BWX’s chief executive and finance director in partnership with Bain Capital Private Equity and its affiliates, the company said in statement.

The offer is a 50 percent premium over BWX’s closing price of A$4.41 on Monday.

“The main interest for us is the trading performance of the business...our share price has taken a hit since the half-year results and this is a fairly opportunistic approach,” said BWX Independent Director Ian Campbell.

The company was working to understand the structure of the deal and how the business would be managed, he said.

The BWX board recommended that shareholders take no action while an independent committee considered the proposal.

The offer from Chief Executive Officer John Humble, Finance Director Aaron Finlay and Bain Capital is conditional upon a unanimous recommendation from the committee, the statement said.

The company’s shares, which hit an all-time high in January at A$8.19, saw a sharp drop to A$4.96 after reporting a 34 percent fall its half-year net profit in February.

Founded in Melbourne in 2013, BWX Ltd manufactures its own skin and hair care brands -- Sukin Organics, Derma Sukin and Minerals Fusion, among others -- under its Beautiworx Ltd subsidiary in Dandenong.

BWX also distributes international beauty brands Edward Beale and Andalou Paris.

Additional reporting by Benjamin Fitzgerald

© Thomson Reuters 2024 All rights reserved.