Categories

Skincare Brand Faace to Shut Down Following Failed Acquisition Deal

Six years after its launch, UK-based skincare brand Faace is closing its doors. Recently, founder Jasmine Wicks-Stephens confirmed the decision in an emotional LinkedIn video, citing her inability to finalize a sale for the brand as the key reason for its shutdown.

Wicks-Stephens revealed she had put Faace up for sale in July 2024 and believed she had found the ideal buyer. However, the deal unexpectedly fell through in recent weeks. “I still wholeheartedly believed in the brand and the product,” she shared. “But I don’t have the mental resilience to keep taking the huge highs and massive lows that come with running the business, so I’ve made the really difficult decision to close it down.”

Launched in 2019, Faace was created with the mission to disrupt the UK beauty market through its no-fuss, ethical skincare that catered to moments when people lacked time or energy for self-care. The brand gained recognition for its hormone-focused product line, offering solutions for stress, menstruation, menopause, fatigue and perspiration. Its products were sold via its own website as well as through major UK retailers.

Faace reached a major milestone in 2023 when it secured investment from three high-profile entrepreneurs—Steven Bartlett, Peter Jones and Touker Suleyman—on BBC’s Dragons’ Den. Despite that momentum, the brand ultimately struggled to sustain operations.

In her farewell message, Wicks-Stephens thanked everyone who had supported her along the journey: “I don’t even have the words, but thank you so much.”

Facebook
Twitter
LinkedIn
Pinterest

Leave a Reply

Beauty News

Industry News, Broadcast and Breakings

Industry Stats

In-depth Statistics from all aspects to dig out the sales, up and downs.

Consumer Research

Exclusive service to survey numerous consumers across the country and get the best expected results

Brand Analysis

Examine and analyse a brand in details to conclude a report showcasing the desired information

Niche Market Research

Study into the niche product market, producing whitepaper helpping business to understand the potential, development of a product and make decisions.

 

Retail / Distributor Finder

Help brand distribute in China.

Cosmetics/ Makeup Compliance

Help make your product legal in China

OEM/ODM Manufacturers

Know what's trending or find the best possible material / ingredient / product supplier

Scroll to Top

Discover more from chaileedo

Subscribe now to keep reading and get access to the full archive.

Continue reading

Subscribe Now

Be the first to know about our latest news and market analysis. Sign up now to get all the beauty news you need!

Subscribe Yearly Member to Read More