The make-up millionaires
Tuesday 11th December 2012, 4:50PM GMT.
feelunique chief executive Aaron Chatterley (left) and chief operating officer Richard Schiessl invested just £35,000 each into the company seven years ago
TWO Islanders will toast their success this Christmas after making millions from a dream investment of just £35,000 each to launch an online beauty business.
After just seven years their company, feelunique, which now employs 120 Islanders, has been valued at £26 million.
Chief executive Aaron Chatterley, chief operating officer Richard Schiessl and other local investors are to receive windfalls after selling a majority stake to two private-equity groups.
The exact stake bought by the groups has not been revealed. However, as they have acquired more than 50 per cent, it is likely that the local investors will have received at least £13 million between them.
And the business, which trades both globally online and has physical outlets in the Island, is set to grow further. The new investors, Palamon Capital Partners and Sirius Equity, are putting in another £10 million to increase its already significant share of the beauty products market.
Full story in Tuesday’s JEP
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Jersey Evening Post
richard. merry christmas.
from the thin wallet.
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I’m sure there will be lots of sour people posting comment’s on this. I say well done and good luck.
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Yes well done. Beauty salons in the UK and over here detest you for undercutting them on product prices. Thanks.
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Dolly
That’s a rather strong word!
feelunique sell some, but not all of their products at 15% less then UK RRP.
Are you saying that Jersey beauty salons are over charging their customers by charging full UK RRP as that would be the only way that feelunique could possibly undercut a Jersey salon?
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Unnecessary comment? There was nothing to stop you doing the same?
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hope they pay tax
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Maybe these fellas may want to buy a piece of land in the Northwest of Jersey?
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your joking, these are sensible people.
and did not get where they are today by squandering money.
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Well done guys!
Just one question! I have 25 grand,& dont know what to do with it? Any advice please!!!
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Fanny by Gaslight
Buy a few boxes of cheap toiletries and place them in fancy presentation boxes with bows. Then chose a fancy title, set up a website and you’re investment will soar.
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Well done to you both.
Think we need you to show the States how to make money and not lose/waste it !
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Well done. This is one of the few Jersey internet Companies that created value for Jersey by offering jobs genuine careers
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All admiration for them for being good managers! They’re in a competitive market that is hard to penetrate and build a solid brand in. On prices however, I can say they are a few cheaper alternatives.
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