Adore Beauty acquisition is a great deal … for the other company
Adore Beauty’s $25m purchase of Aussie brand Ikou doesn’t come cheap, and poses questions about whether it has overpaid, and used too much of its cash.
The stock dropped 6 per cent following the announcement last Friday, as investors presumably asked themselves not just whether this is the right deal, but whether the timing is right for any deal?
Loading...
Adir Shiffman is executive chairman of Catapult Sports and a serial investor and entrepreneur. Connect with Adir on Twitter.
