Ulta Beauty Buys Space NK

The acquisition underscores Ulta's international expansion plans.

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By: TOM BRANNA

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Ulta Beauty, Inc. acquired Space NK Limited, a leading British beauty retailer. A purchase price was not disclosed. Space NK is owned by Manzanita Capital, a beauty sector specialist investor with a long-term investment horizon. Space NK operates 83 stores in the UK and Ireland, and online. It will operate as a standalone subsidiary of Ulta Beauty. It will continue to be led by its existing management team, including Space NK Chief Executive Officer Andy Lightfoot. International Expansion ...

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