Foster Blake sold Go-To stake for $89m. She’s bought it back for a fraction of that
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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