The family behind the Inglot makeup brand in Ireland and the UK is putting its main Irish holding company into liquidation and closing 20 stores.
WHO: The color cosmetic brand was founded in Przemysl, Poland, in 1983 by the entrepreneurial chemist Wojciech Inglot. The business has grown through a franchise model. Geraldine Swarbrigg struck a deal with the Inglot founder for the rights to Ireland during the last financial crisis, opening the first store in the Liffey Valley in 2009 and acquiring the UK franchise in 2017.
WHY: The brand attributed store closures to “the impact of COVID-19 and the immense challenges facing the retail sector” via its Instagram page last month.
- Inglot is putting its Irish holding company into liquidation.
- 20 branded retail stores closed that employed close to 300 staff.
- The Swarbrigg family will continue to run the brand as an online and wholesale operation.
- Creditors of the main holding company Inglot Cosmetics Unlimited will hold a meeting to appoint a liquidator.
- According to The Irish Times, filings from 2017 suggest the business was valued at more than €11 million.
Photo: via Inglot