Ulta Beauty set to buy British retail chain Space NK, Sky News reports

Ulta Beauty

10/07/2025 09:58

July 10 (Reuters) - U.S. cosmetics retailer Ulta Beauty ULTA.O is on the verge of a deal to buy British high street chain Space NK, Sky News reported on Thursday, citing a source.

The exact price being paid by Ulta was unclear, the report said, adding that the deal value was likely to be well in excess of 300 million pounds ($408.2 million).

The New York-listed firm is understood to have registered an acquisition vehicle at Companies House in recent weeks, according to the report.

Ulta Beauty did not immediately respond to a request for comment outside of business hours.

($1 = 0.7350 pounds)

 (Reporting by Savyata Mishra in Bengaluru)

 ((Savyata.Mishra@thomsonreuters.com;))