Beauty treatment brand Margaret Dabbs London has recently secured a significant investment by selling a minority stake to Best World International (BWI) for £27.7 million, a deal that was facilitated by Cavendish Corporate Finance. Margaret Dabbs London, known for its clinics and premium direct-to-consumer products, intends to utilize this investment to achieve global expansion. BWI, based in Singapore, specializes in the development and distribution of top-tier skincare, personal care, nutritional, and wellness products. With a presence in 12 markets in Asia and the Middle East, BWI’s involvement will be pivotal in realizing Margaret Dabbs’ international ambitions.
Founded in 2004 by Margaret Dabbs, the brand gained recognition when Harrods approached them in 2007 to open a clinic in its flagship London store. Since then, Margaret Dabbs London has established a total of nine clinics in the UK and four internationally in the Middle East and Spain. Tatler magazine has acclaimed it as “the go-to place for feet and hand treatments around the world.” Margaret Dabbs London aims to address a significant gap in the market by offering medically-credible and premium cosmetic solutions for foot, hand, and leg care.
The timing of this investment is opportune as the global cosmeceuticals market is projected to surpass the general beauty market, growing at a compound annual growth rate of 8.8% from 2019 to 2024 and reaching a value of $85 billion. While the clinics play a crucial role in the business, Margaret Dabbs London’s product lines are equally vital. These products, originally developed for use in the clinics, are sold directly on-site, through the company’s webstore, luxury hotels and spas, and prominent retailers like Liberty, Harrods, John Lewis, and SpaceNK in the UK.
In 2019, the brand generated revenue of £7.7 million, with an EBITDA of £1.8 million. With BWI’s support and extensive experience in the premium skincare industry, Margaret Dabbs London aims to magnify its global reach and market share. This strategic partnership positions the brand to meet the growing demand for high-quality cosmeceutical products and establish itself as a key player in the international beauty market.