Former Young Rich Lister Zoë Foster Blake has bought back the stake in her Go-To Skincare brand from failed BWX Group after a prolonged sale process, at a fraction of what she originally sold it for two years ago.
BWX, the ASX-listed beauty group backed by the Forrest family, collapsed in April owing the Commonwealth Bank about $105 million. It had purchased a controlling stake of 50.1 per cent in Go-To in 2021 for $89 million.
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Carrie LaFrenz is a senior journalist covering retail/consumer goods. She previously covered healthcare/biotech. Carrie has won multiple awards for her journalism including financial journalist of the year from The National Press Club. Connect with Carrie on Twitter. Email Carrie at carrie.lafrenz@afr.com
