// Lush sells 19.8% stake to investment firm Silverwood
// Silverwood paid £216.8m for the shares
Lush has sold a 19.8% stake in the business to investment firm Silverwood.
Silverwood said the shares cost £216.8 million and said it was well placed for “generating new ideas to invigorate and strengthen” the health and beauty giant.
The investment firm’s non-executive director Paul Hodgins said Lush is a “tremendously exciting company with a vast amount of growth potential”.
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In the year ended 30 June 2021, the health and beauty retailer’s turnover hit £408 million.
It currently operates stores in 48 countries and has manufacturing facilities across six nations.
In July, Lush said it was pushing forward with the next stages of its growth and investment plan to invest £7.6 million for new shops, relocations and refits across the UK, Ireland and Europe this year.
