ONE of Australia and New Zealand's largest online haircare and beauty stores Ry.com.au has been acquired by UK retail giant The Hut Group.
Founded on the Gold Coast by entrepreneurs Brad Carr (pictured right) and James Patten (pictured left), the Ry.com.au brand has continued to go from strength to strength and now offers more than 250 premium skincare, haircare and cosmetic brands through its popular e-commerce platform.
Carr says Ry.com.au has always been an ambitious business "dominating the world one shampoo bottle at a time", so the duo needed to be certain that any acquiring company would maintain its core values.
"James and I built the business 12 years ago from nothing, so it has been a great passion for us," says Carr.
"We wanted to make sure the buyer was a good fit which would grow the business to the next level, and The Hut Group fit that idea perfectly."
According to Carr, the acquisition was first mooted when The Hut Group and Ry.com.au were introduced via a mutual opportunity, when last year both companies were separately vying for another Sydney-based beauty brand called SkincareStore.com.au. Read more
Paris Faint - Business News Australia - 25 Aug 2017
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