Ulta Space NK Acquisition Marks Strategic Expansion into the UK Market

Ulta Beauty officially confirmed the Ulta Space NK Acquisition, signaling a major step forward in its global expansion strategy this year.

The deal enables Ulta Beauty to enter the UK market through Space NK’s strong retail presence and established customer base.

Space NK Will Continue Operations as Standalone Brand Under Ulta Beauty

As part of the Ulta Space NK Acquisition, Space NK will operate as a standalone subsidiary and retain its current leadership structure.

CEO Andy Lightfoot will remain in charge, continuing the brand’s vision and growth plans in the United Kingdom and Ireland.

Currently, Space NK operates 83 stores throughout the UK and Ireland, offering curated beauty selections for loyal, beauty-obsessed customers.

According to Ulta Beauty CEO Kecia Steelman, the acquisition aligns with the company’s “Ulta Beauty Unleashed” international expansion roadmap.

Moreover, the acquisition complements Ulta’s existing international initiatives, including expansion efforts in Mexico and the Middle East markets.

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Ulta to Leverage Scale, Relationships, and Innovation for Continued Growth

The Ulta Space NK Acquisition was funded through existing cash reserves and credit, ensuring zero disruption to ongoing strategic priorities.

This purchase will not materially impact Ulta’s 2025 financial outlook or interfere with its capital allocation or share repurchase efforts.

Steelman praised Space NK’s success under Manzanita Capital and emphasized the opportunity to fuel growth through Ulta’s operational resources.

Andy Lightfoot expressed excitement about joining forces with Ulta Beauty, citing access to greater scale and enhanced brand partnerships.

Together, the two companies aim to deliver innovation, expertise, and personalized beauty experiences to a wider global audience.

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