Roja London acquired by Extravaganza Beauty
Context
Announced in September 2026, the definitive acquisition agreement orchestrates the complete integration of Roja London into the corporate portfolio of Extravaganza Beauty. This cross-border buyout formally transitions the British perfumery house from an independent entity into a formalized subsidiary of the Middle Eastern beauty conglomerate. The execution of this ownership transfer directly follows a pre-existing commercial partnership between Extravaganza Beauty and Roja London, previously established to manage the fragrance brand's distribution throughout the Gulf Cooperation Council region. Upon the official completion of the transaction, the corporate governance structure of Roja London undergoes a targeted reorganization. Founder Roja Dove steps down from his historical executive duties to transition into a dedicated consultancy role, focusing strictly on creative guidance and formulation training for the acquired perfumery house. Concurrently, Audrey Minard is contractually secured to remain as Chief Executive Officer of Roja London, continuing a defined five-year mandate to steer the subsequent phase of global expansion. The strategic rationale articulated by Extravaganza Beauty centers on deploying specialized resources and direct capital investment to aggressively accelerate Roja London's penetration across primary international fragrance markets, with a concentrated operational focus on deepening the commercial footprint within the Middle East. Furthermore, Extravaganza Beauty allocates newly injected investment directly toward the target's internal research capabilities to finance product development and formulation innovation across its established signature lines, notably including the Prestige and Elysium collections. By completing this external growth operation, Extravaganza Beauty structurally internalizes a proven British luxury asset, explicitly leveraging its established Middle Eastern retail infrastructure to scale the acquired operations without relying on third-party regional distributors.
Roja London, which reported an EBITDA margin of in 2025, is valued in this transaction at an EV/EBITDA multiple of , a level to compare with the average currently observed in the Retail & Consumer sector (11.2x).
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Target
Since its foundation in 2011 by perfumer and fragrance historian Roja Dove within the Mayfair district of London, Roja London formulates and manufactures high-end niche perfumery collections for the global luxury market. The British fragrance house anchors its specialized manufacturing operations exclusively in England, presenting its extracted formulations in proprietary crystal-embellished bottles. The commercial product portfolio is systematically categorized into distinct aromatic lines, prominently featuring the Prestige, Elysium, Aoud, Isola, and Art Collections. Under the executive leadership of Chief Executive Officer Audrey Minard, who assumed the operational direction in 2021, the entity coordinates an exclusive international retail footprint. To distribute its manufactured fragrances to end consumers, Roja London relies strictly on selective retail partnerships with established premium department stores. This controlled distribution network is anchored by direct commercial agreements with Harrods in the United Kingdom, Bloomingdale’s and Saks Fifth Avenue in the United States, alongside KaDeWe in Germany.
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REFERENCES
Revenue range: 5M - 25M GBP
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Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.
Target: roja london
Acquirer: extravaganza beauty