MAN­AGE­MENT BUY­OUT BRINGS CLEAN START FOR SOAP­WORKS

The Herald Business - - Themonthinheadlines -

Jan 7

Man­age­ment of Soap­works, which em­ploys about 100 full-time staff at its base at Easter­house in Glas­gow, has bought the soap man­u­fac­tur­ing busi­ness from French beauty prod­ucts gi­ant L’Oreal. The par­ties in­volved in the deal de­clined to dis­close the price but, given that Soap­works de­scribes it­self as the UK’s largest soap sup­plier with an an­nual turnover of about £14m, it will al­most cer­tainly be mil­lions of pounds. The deal was com­pleted this week. Soap­works was set up in 1988 by the late Body Shop founder Dame Anita Rod­dick.

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