US magnificence label Malin+Goetz, identified for its premium physique care and residence fragrances, has filed for administration within the UK and closed its seven London-based shops, a spokesperson advised The Business of Beauty.
The Manzanita Capital-owned model will even be closing its UK head workplace, leading to 72 layoffs total. In an announcement, a Malin+Goetz spokesperson mentioned that the choice had come after “exhausting all viable alternatives.” Manzanita Capital didn’t return requests for remark.
While on-line orders have been quickly paused, the model’s vary will nonetheless be obtainable for buy throughout the area by way of choose third occasion retailers resembling John Lewis and Space NK by a brand new partnership with the distributor Discovered Brands. “This structural change will allow the business to focus on our ecommerce and third party retail channels where our customers increasingly choose to shop,” the spokesperson mentioned.
Co-founded in New York by Matthew Malin and Andrew Goetz, Malin+Goetz launched in 2004 with a group of six skincare merchandise earlier than increasing into perfume, physique and hair care. In 2015, it was acquired by UK-based personal fairness agency Manzanita Capital. The model is bought in 44 international locations.
Its newest London location, a everlasting retailer in Soho, opened in Nov. 2023. According to the corporate’s UK filings, co-founders Malin and Goetz departed the model in Dec. 2023.
Learn extra:
How Do You Make Body Lotion Cool?
The manufacturers driving the physique care growth are utilizing know-how, innovation, perfume and collaborations to make their private care merchandise covetable.