We Are Under New Ownership
Retail group YOLO and Chemical Distribution Company Dragon team up to save Cosmetics business.
Following the recent passing of the owner and driving force of the business, Cosmetics Laboratory Ltd was forced into administration after operating successfully for over 15 years. YOLO and Chemical distribution company dragon services is excited to announce that they have saved the business and are taking it in a new direction under their award-winning retail group in partnership with industry expert Ian Dawson.
Cosmetics Laboratory was first founded in 2008 and has built a reputation for formulating, manufacturing, and testing a range of consumer products at their UK production and laboratory facility in Horsham. Over the years the business has worked with leading brands like Elemis, and other popular products that can be found in retailers like Harrods and Superdrug.
Since the acquisition, which was signed only a few weeks ago, Cosmetics Lab has already gone through a full rebrand, has a new website, a restructured management team and has relocated to a state-of-the-art facility that will increase its production capabilities by over 40%. Later in the year, they are planning to launch their own range of consumer brands and expand the team.
“I have a long-standing relationship with Cosmetics Laboratories and the team and have always admired the expertise that has attracted some amazing clients. Alongside YOLO, we will take the business to the next level and we are excited about what the future holds” says Director Ian Dawson.