THE WHAT? French premium makeup brand La Bouche Rouge has been sold to Dilesh Mehta’s Dubia-based holding company, Beauty Brands Global.
THE DETAILS As part of the deal, Beauty Brands Global will take control of La Bouche Rouge’s Orléans laboratory and retain around fifteen employees. A new management team will be brought in to restructure the business.
THE WHY? This sale comes in the wake of La Bouche Rouge’s financial challenges in recent years, marked by a revenue of €3.7 million against losses amounting to €6 million in 2022, exacerbated by COVID-19 and significant marketing expenses.