Slap on some lipstick and refresh those lashes, Australia’s runaway beauty empire that’s made Rich Listers of its founders Jo Horgan and Peter Wetenhall may be ready to make a deal.
The Mecca co-founders have famously rebuffed investment bankers’ advances for years, but Street Talk understands there’s serious consideration going into turning the near $1 billion turnover retailer over to the highest bidder.
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Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review. Connect with Emma on Twitter. Email Emma at emma.rapaport@afr.com
