近30亿豪赌？知名美妆连锁与丝芙兰抢生意

Core Viewpoint - The cosmetics industry is experiencing a surge in acquisition activity, with Ulta Beauty planning to acquire Space NK to expand into the UK market amidst performance challenges and significant shareholder actions [1][3][21]. Group 1: Acquisition Details - Ulta Beauty is set to acquire Space NK for over £300 million (approximately ¥2.915 billion), marking a strategic move to enter the growing UK market [1][3]. - The acquisition will be funded through Ulta Beauty's cash reserves and existing credit lines, with a reported cash and cash equivalents total of $454.6 million (approximately ¥3.259 billion) as of the end of Q1 2025 [4][21]. - Space NK will continue to operate independently under its current leadership post-acquisition, maintaining its brand identity within the Ulta Beauty portfolio [6][14]. Group 2: Market Context - The UK beauty market is projected to contribute £30.4 billion (approximately ¥2949.47 billion) to the GDP in 2024, growing at a rate four times faster than the overall economy [12]. - Ulta Beauty's international expansion is part of its "Ulta Beauty Unleashed" plan, which aims to drive core business growth and explore new value-added ventures [19][20]. Group 3: Company Performance - Ulta Beauty has faced declining growth, transitioning from double-digit growth to single-digit increases, with a reported net profit decline of 6.96% in Q1 2025 [22][26]. - The company's stock has experienced volatility, highlighted by Warren Buffett's significant reduction of his holdings in Ulta Beauty by 96.49% shortly after a brief investment [25][26]. - The acquisition of Space NK is seen as a strategic move to counteract performance pressures and enhance long-term profitability through international market presence [21][26].