Malin + Goetz UK Business Enters Administration, All Stores Close
US skincare and fragrance brand shuts its British retail operations and faces job losses amid difficult trading conditions
Malin + Goetz has placed its United Kingdom operations into administration, resulting in the immediate closure of all seven of its UK stores and its head office, leaving around seventy-two jobs at risk.
The decision followed an exhaustive review of the UK business and the exhaustion of all viable alternatives, according to a company spokesperson.
The closures affect London locations including Soho, Seven Dials, Spitalfields, Islington, Canary Wharf, Battersea Power Station and Borough Yards.
The US-based beauty and apothecary brand, founded in New York in 2004 and known for its skincare, bodycare and fragrance lines, will temporarily pause its UK online sales as technical operations transition to its United States team.
Despite the administration filing, the brand’s products will continue to be available in the UK through third-party retailers such as Liberty, John Lewis and Space NK under a distribution arrangement with Discovered Brands.
A Malin + Goetz spokesperson expressed deep regret at the impact of the closures on employees and customers, describing the redundancies as unavoidable under the current circumstances.
Tough trading conditions and commercial headwinds in the UK retail sector were cited as key factors contributing to the business’s inability to maintain its standalone retail footprint.
The administration marks a significant retreat for the brand in the UK after years of growing its presence with flagship stores and a dedicated e-commerce platform.
Malin + Goetz opened numerous UK stores in prime London locations as part of its international expansion, but ultimately concluded that the current business climate made continued direct operations unsustainable.
The transition to distributor partnerships and continued third-party retail availability is intended to preserve the brand’s presence in the market while reducing operational costs.
The decision followed an exhaustive review of the UK business and the exhaustion of all viable alternatives, according to a company spokesperson.
The closures affect London locations including Soho, Seven Dials, Spitalfields, Islington, Canary Wharf, Battersea Power Station and Borough Yards.
The US-based beauty and apothecary brand, founded in New York in 2004 and known for its skincare, bodycare and fragrance lines, will temporarily pause its UK online sales as technical operations transition to its United States team.
Despite the administration filing, the brand’s products will continue to be available in the UK through third-party retailers such as Liberty, John Lewis and Space NK under a distribution arrangement with Discovered Brands.
A Malin + Goetz spokesperson expressed deep regret at the impact of the closures on employees and customers, describing the redundancies as unavoidable under the current circumstances.
Tough trading conditions and commercial headwinds in the UK retail sector were cited as key factors contributing to the business’s inability to maintain its standalone retail footprint.
The administration marks a significant retreat for the brand in the UK after years of growing its presence with flagship stores and a dedicated e-commerce platform.
Malin + Goetz opened numerous UK stores in prime London locations as part of its international expansion, but ultimately concluded that the current business climate made continued direct operations unsustainable.
The transition to distributor partnerships and continued third-party retail availability is intended to preserve the brand’s presence in the market while reducing operational costs.