The proprietor of House NK has kicked off a proper sale course of greater than a 12 months because it employed bankers to public sale the excessive road magnificence chain.
Manzanita Capital, a non-public funding agency, engaged bankers at Raymond James to supervise an public sale in April 2024.
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A deal is anticipated to fetch between £300m and £400m.
Manzanita has owned House NK for greater than 20 years, and isn’t anticipated to sanction a sale until it receives a gorgeous supply.
One celebration contacted a couple of potential bid mentioned the enterprise gave the impression to be in good monetary well being.
Manzanita has additionally owned the French fragrance home Diptyque and Susanne Kaufmann, an Austrian luxurious skincare model.
Based in 1993 by Nicky Kinnaird, House NK – which is called after her initials – trades from roughly shops and employs greater than 1,000 individuals.
It specialises in high-end skincare and cosmetics merchandise.
Manzanita beforehand explored a sale of House NK in 2018, hiring Goldman Sachs to deal with a strategic overview, however opted to not proceed with a deal.
Manzanita has been contacted for remark, whereas Raymond James declined to remark.
