Warpaint London has purchased the Barry M brand out of administration for £1.4 million, signaling a shift for the well-known British cosmetics company. The deal, which covers the Barry M name, intellectual property, stock, and order book, is subject to court approval. This move comes as Barry M, a family-owned business celebrated for its vibrant color cosmetics, faced increasing competition. Warpaint, which owns brands like W7 and Technic, aims to leverage Barry M's established retail presence to expand its market reach.

Financial and Operational Details of the Acquisition
The acquisition was announced alongside a trading update from Warpaint London.

Purchase Price: Warpaint London acquired the Barry M brand for £1.4 million in cash. This sum is to be funded from the company's existing cash reserves.
Assets Acquired: The deal includes the Barry M brand name, intellectual property (IP), stock, and order book. Importantly, Warpaint is not acquiring any manufacturing capabilities or liabilities associated with Barry M.
Barry M's Financials: The Barry M brand generated approximately £15 million in revenue for the year ending February 28, 2025. Profitability figures for Barry M were not disclosed in the provided information.
Warpaint's Financial Position: Warpaint reported cash balances of £18 million as of January 31, 2026, an increase from £9 million the previous year, indicating a strong balance sheet to support the acquisition.
Trading Update: Concurrently with the acquisition announcement, Warpaint London issued a trading update indicating that its full-year profits are expected to be lower than previously forecast.
Barry M's Market Position and Challenges
Barry M has held a notable position in the British beauty market, particularly for its distinctive approach to color cosmetics.
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Brand Identity: Known for its bright, bold colors, Barry M has been a long-standing favorite among makeup enthusiasts and drag performers. The brand aimed to be the first to produce 100 colors, a goal its founder recalled with pride.
Retail Presence: The brand enjoys significant retail distribution, with its products available in over 1,300 stores across the UK. Key retailers include Superdrug, Boots, Sainsbury's, and Tesco. It also maintains direct-to-consumer online sales.
Struggles: Despite its strong retail footprint, Barry M faced increasing competition from rival brands offering products at affordable price points. This competitive pressure, coupled with the administration status, led to the sale.
Impact on Staff: The acquisition does not protect the more than 100 staff who were employed by Barry M, nor does it include its factory located in the capital.
Warpaint London's Strategic Aims
The acquisition of Barry M aligns with Warpaint London's strategy for growth and market expansion.
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Synergies: Warpaint expects the Barry M acquisition to accelerate its penetration into key UK retail channels. The addition of Barry M's shelf space and distribution reach is anticipated to expand Warpaint's physical store presence.
Integration Experience: Warpaint has prior experience integrating acquired brands, noting that its Brand Architekts acquisition became profitable within its first year under their management. This suggests a potential playbook for integrating Barry M.
Market Segment: Barry M operates in a similar market segment to Warpaint's existing brands, suggesting potential for brand alignment and marketing efficiency.
Procedural Aspects and Future Outlook
The acquisition process involves judicial oversight and anticipates integration into Warpaint's operational framework.
Court Approval: The purchase is expected to be cleared in court on Monday.
Integration Plan: Pending court approval, there is potential for integration into Warpaint’s existing product and marketing plans.
Future Performance: Warpaint has provided a trading update indicating lower than expected full-year profits, alongside the acquisition announcement. The long-term success of the Barry M integration will likely hinge on re-sourcing and maintaining retailer shelf space following its administration.
Sources Used:
Context: General news reporting on the acquisition, including details about Barry M's history, market challenges, and the impact on staff.
Morningstar: https://global.morningstar.com/en-gb/news/alliance-news/1770636466513172900/warpaint-closes-in-on-uk-acquisition-estimates-higher-sales-in-2025
Context: Financial news outlet providing details on Warpaint's acquisition plans and sales projections, with a disclaimer about third-party content.
UK Investor Magazine: https://ukinvestormagazine.co.uk/warpaint-acquires-barry-m-brand-for-1-4m-highlights-struggles-in-trading-update/
Context: Business and investment publication detailing the acquisition price, funding, Barry M's revenue, and Warpaint's financial position.
The Global Herald: https://theglobalherald.com/news/warpaint-buys-barry-m-name-for-1-4m-after-budget-make-up-firm-enters-administration/
Context: News report summarizing the acquisition, the brand's identity, retail reach, and Warpaint's expected benefits.
DirectorsTalk Interviews: https://www.directorstalkinterviews.com/warpaint-london-acquires-barry-m-brand-and-issues-fy25-trading-update/4121238769
Context: Provides details on Barry M's market segment, its retail distribution network with specific store numbers, and Warpaint's strategic intent.
Joshua Thompson (Investing): https://joshthompson.co.uk/investing/warpaint-london-acquires-barry-m-brand-fy25-trading-update/
Context: Investment-focused article detailing key financial figures for both Barry M and Warpaint, the nature of the asset purchase, and potential integration synergies.
BBC (Repeat): https://www.bbc.com/news/articles/c98q50gd2vmo
Context: A duplicate of the first BBC article, providing similar information on the brand's history, its challenges, and retail presence.
This Is Money: https://www.thisismoney.co.uk/money/markets/article-15541763/Make-brand-Barry-M-bought-administration-rival-1-4m.html
Context: Financial news reporting on the acquisition price and the context of Barry M entering administration.
FT.com (via AOL): https://markets.ft.com/data/announce/detail?dockey=1323-17451213-7CVDQREOLFF5663D4QO1HUUMDK
Context: Company announcement portal for official financial news, likely containing formal details of the acquisition and trading update. (Note: Content extraction was not fully successful for this source).
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