Margaret Dabbs London announces £27.7m partnership with Best World International
By Helena Biggs | 05 April 2020 | Movers & Shakers, News
Premium foot, hand and leg care brand, Margaret Dabbs London, has sold a minority stake of the business to Best World International (BWI) in a bid to expand its global presence.
The British company, founded in 2004, develops medically-credible and premium cosmetic solutions for feet, hands and legs. It was approached by Harrods in 2007 to open a clinic on the fifth floor of its flagship Central London store and has since established a total of nine clinics throughout the UK, and four internationally in the Middle East and Spain.
Margaret Dabbs London attracts a loyal customer base of high achieving professional men and women, including a number of celebrities, politicians, actors and sportsmen and women.
The partnership was advised by Cavendish Corporate Finance, with Singapore-headquartered BWI selected for its specialism in the development and distribution of premium skin care, personal care, nutritional and wellness products. Founder, Margaret Dabbs remains at the helm as CEO and will continue to drive the business forward.
“It was a great pleasure to work with Margaret Dabbs and her team – Margaret is a remarkable entrepreneur and has pioneered an entirely new category for the sector, building an amazingly resilient business with huge potential,” comments Jonathan Buxton, head of consumer & partner at Cavendish. “We are excited to have found such a transformational partner for Margaret Dabbs London.”
Margaret Dabbs, founder & CEO of Margaret Dabbs London, comments: “I am delighted to be entering into a partnership with Best World International whose considerable retail network across Asia will give the business another dimension. Margaret Dabbs London continues to be at the forefront of the health and beauty industry for treatments and products for feet, hands and legs and this partnership will assist enormously in the growth of the business going forward and achieving our aim of becoming a true global brand.”