Beauty Bay, an online retailer specializing in cosmetics, is facing potential insolvency as it has lodged a notice of intent to appoint administrators. This action signifies the company’s move towards entering administration and initiates a temporary legal safeguard preventing creditors from pursuing legal actions for a period of ten days.
The filing was made earlier this week as confirmed by Sky News. Beauty Bay has also temporarily taken down its website, displaying a message stating, “We’ll Be Back Soon. BEAUTY BAY is offline right now, we’ll be back shortly.”
Established in 1999 by brothers Arron and David Gabbie and headquartered in Manchester, Beauty Bay offers over 200 brands on its platform, including popular names like Ariana Grande, Clinique, and MAC, alongside its own product line.
Following reports of exploring funding options, which may involve a complete sale of the business, Beauty Bay has been working with advisory firm Interpath to conduct a business review. The company, which employs 65 staff members, is yet to provide a statement on the matter.
In a related development, fashion retailer Quiz has recently entered administration, resulting in the loss of 109 jobs. The redundancies are affecting positions at the company’s head office in Glasgow and warehouse in Lanarkshire. Quiz’s online operations have been halted, with pending orders set to be canceled.
Customers are advised by Quiz to seek refunds through their banks or credit card providers, with potential recourse available under the Consumer Credit Act, such as Section 75 for credit card transactions exceeding £100 and Chargeback for debit card payments or credit card purchases under £100 within the last 120 days.
Quiz’s physical stores are still operational, conducting clearance sales across all branches while discontinuing the acceptance of gift cards. The retailer, with 40 stores nationwide and concessions in New Look and Matalan outlets, reassures that its concessions within these stores are not part of the administration proceedings.
