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Gloucestershire Business News

County company seeks buyer for manufacturing division

A Gloucestershire company which makes beauty products for well-known brands has unveiled plans to sell off its manufacturing division, with the potential for job losses.

SLG is seeking a buyer for its Gloucester-based manufacturing division, which makes beauty applicators and cosmetic wipes.

Miles Dunkley, CEO of SLG, said: "The manufacturing division represents around £2 million of SLG's £40 million group turnover. The proposals we have announced today will allow SLG to focus entirely on the continued growth and development of the main area of our business - that of our portfolio of high growth beauty brands where there is huge potential for us to realise in the coming years. It is therefore the right time to orientate fully in that direction."

SLG is behind many high street fashion beauty brands including Zoella Beauty, Superdry Beauty and Men's Grooming, Johnny's Chop Shop and the recently launched Millie Mackintosh Beauty. Its brands sell in 15,000 stores across 27 countries.

The company is also seeking a sub-contractor for the manufacture of its globally patented Self Tan Mitt product and an outsource partner for its warehouse/ fulfillment facilities.

SLG said there are likely to be some job losses as a result of the process, but that it is too early to say how many staff were likely to be affected.

Richard Buckland, SLG's Chief Operating Officer said: "There is an imperative in this process which is that the manufacturing division is purchased by a world class UK-based acquirer and that any sub-contract partners are able to not only maintain, but improve on the exceptional product quality and customer service which SLG is so well known for.

"Assuming that suitable acquirers and sub-contractors are secured, a number of employees currently engaged in these activities will be protected by TUPE regulations with the potential also for some redundancies. We hope this to be at a minimum level, however."

SLG's staff have been advised of the proposals and a formal consultation process has started for employees potentially affected by the development.

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