After selling her beloved beauty brand back in 2021 for a cool $89 million, Zoë Foster Blake has now bought back her stake in Go-To Skincare.
BWX, the ASX-listed beauty group backed by the Forrest family, owned a controlling stake of 50.1 per cent of Go-To, and collapsed in April owing the Commonwealth Bank about $105 million, according to AFR.
Foster Blake and Go-To co-founder Paul Bates have bought back the stake for just $8.5 million, which now means control of the business returns to the original shareholders and founders.
The beauty entrepreneur funded $8 million to buy shares, and Bates purchased $500,000 worth of shares, according to documents lodged with the corporate regulator, as reported by AFR.
Foster Blake is now the majority shareholder with a 59.68 per cent stake.
You can shop Go-To Skincare here.
Main image source: Go-To Skincare and @zotheysay.