Feelunique secures £20m investment for international expansion plans

4 April 2016 (Last Updated April 4th, 2016 18:30)

Online beauty retailer Feelunique has secured an investment of £20m to fund its international expansion plans.

Online beauty retailer Feelunique has secured an investment of £20m to fund its international expansion plans.

The company's sales have increased by 23% this year, resulting in a £65m turnover.

The funds have been raised by main shareholder Palamon Capital Partners and two new private investors.

Feelunique has been expanding its presence in France, and recently launched an online portal in China.

"Our financial results show the strength of the brand in the UK."

Shipping around 12,000 items every day to more than 100 countries, the company stocks 22,000 products from brands including Chanel, Dior, and YSL.

Aaron Chatterley and Richard Schiessl launched the online retail site in 2005

Feelunique chief executive Joel Palix was quoted by Pehub.com as saying: "Our financial results show the strength of the brand in the UK and with strong consumer demand for our unrivalled brand portfolio coming from all corners of the world, it is clear that the business has expansive growth potential.

"We look to the future with confidence as Feelunique leads with its universal and diverse approach to beauty - one without boundaries."