Management buyout for Phytomer and Australian Bodycare distributor KLM
Beauty brand distributor KLM has been bought out by Australian Bodycare UK operations manager Fiona Peerless, and financial accountant Kevin Gambrill.
Ken Lamacraft Marketing (KLM) distributes waxing and tea tree skincare brand Australian Bodycare in the UK under the company name Australian Bodycare UK.
Other names distributed under KLM include eyebrow make-up brand Billion Dollar Brows and French marine-inspired skincare brand Phytomer.
Both KLM and Australian Bodycare UK were formally owned by Ken and Maggie Lamacraft, who will stay on to support the new management team during the sale transition period.
Fiona Peerless has worked with Australian Bodycare UK for almost 20 years, having held positions in marketing, logistics and most recently, as operations manager.
“Both Kevin and Fiona have vast experience of the company its strengths and strategy and will move the business to the next level in the years ahead.
“This change in ownership will ensure the smoothest transition for the company overall and especially the staff,” commented Ken Lamacraft, managing director of KLM.
He added: “[We] would like to thank every member of the team for their support over the last 25 years and will be available to support the new management team during the transition period.”
KLM became sole UK distributor of Billion Dollar Brows in 2016 .